{"id":137575,"date":"2024-01-10T12:46:45","date_gmt":"2024-01-10T12:46:45","guid":{"rendered":"https:\/\/www.ghanamma.com\/2024\/01\/10\/govt-to-raise-gh%c2%a212-7bn-in-t-bills\/"},"modified":"2024-01-10T12:46:45","modified_gmt":"2024-01-10T12:46:45","slug":"govt-to-raise-gh%c2%a212-7bn-in-t-bills","status":"publish","type":"post","link":"https:\/\/www.ghanamma.com\/2024\/01\/10\/govt-to-raise-gh%c2%a212-7bn-in-t-bills\/","title":{"rendered":"Govt To Raise GH\u00a212.7bn In T-Bills"},"content":{"rendered":"

<\/p>\n

\n

Dr. Ernest Addison, BoG Governor<\/em><\/strong><\/p>\n

\u00a0<\/p>\n

A total of GH\u00a212.7 billion is expected to be raised by the government via Treasury bills (T-Bill) to finance its maturing bills in January 2024.<\/p>\n

Already, the government has raised GH\u00a23.223 billion in the first auction of 2024, 15.24% more than the targeted amount.<\/p>\n

However, the total amount expected to the raised is 1.2% lower than that of December 2023.<\/p>\n

Based on the prevailing strong demand at an average of GH\u00a24.0 billion per week, authorities expect to comfortably refinance the upcoming maturities.<\/p>\n

However, there are likely to be higher targets to finance the 2024 budget deficit and buffer for February 2024 coupon payments on the restructured bonds.<\/p>\n

T-bills Surge<\/strong><\/p>\n

Demand for treasury bills were strong in December 2023 as investors submitted total bids of GH\u00a216.3 billion across the T-bills, representing an average weekly bid size of GH\u00a24.0 billion and exceeding the total maturities of GH\u00a212.8 billion.<\/p>\n

The government accepted all bids tendered due to the high funding need for maturity refinancing.<\/p>\n

Meanwhile, the yields outturn was mixed in December 2023 as downward pressure from the sharp disinflation offset the upward pressure from the increase in Cash Reserve Ratio.<\/p>\n

The 91-day and the 364-day yields respectively trimmed 14 basis points and 74 basis points month-on-month to 29.4% and 32.5% while the 182-day yield gained 19 basis points to 31.9%.<\/p>\n

A Business Desk Report<\/strong><\/p>\n

\n\t<\/div>\n","protected":false},"excerpt":{"rendered":"

Dr. Ernest Addison, BoG Governor \u00a0 A total of GH\u00a212.7 billion is expected to be raised by the government via Treasury bills (T-Bill) to finance its maturing bills in January 2024. Already, the government has raised GH\u00a23.223 billion in the first auction of 2024, 15.24% more than the targeted amount. However, the total amount expected […]<\/p>\n","protected":false},"author":1,"featured_media":90939,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-137575","post","type-post","status-publish","format-standard","has-post-thumbnail","category-local-news"],"yoast_head":"\nGovt To Raise GH\u00a212.7bn In T-Bills - Ghanamma.com<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.ghanamma.com\/2024\/01\/10\/govt-to-raise-gh\u00a212-7bn-in-t-bills\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Govt To Raise GH\u00a212.7bn In T-Bills - Ghanamma.com\" \/>\n<meta property=\"og:description\" content=\"Dr. Ernest Addison, BoG Governor \u00a0 A total of GH\u00a212.7 billion is expected to be raised by the government via Treasury bills (T-Bill) to finance its maturing bills in January 2024. 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