Government Takes GH¢1.92bn From T-Bill Auction Despite Oversubscription
Ghana’s Treasury accepted GH¢1.92bn at the 30 October auction despite GH¢2.55bn in bids, missing its GH¢2.45bn target as it rejected higher-rate offers on the one-year bill.
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Restructured Bonds Drive GH¢2.64bn Day on Ghana’s Fixed Income Market
Ghana’s fixed income market traded GH¢2.64 billion on 23 October, with DDEP bonds taking 74.5 per cent of turnover while corporate debt barely registered at all.
Treasury Turns Down GH¢1.69bn In Bids To Defend Low Rates
Ghana’s Treasury rejected GH¢1.69 billion in bids at the October 16 auction, accepting just GH¢3.48 billion of a GH¢5.02 billion target as it defends low rates.
Treasury Beats Weekly T-Bill Target by 30.5% as Yields Keep Falling
Ghana’s Treasury drew GH¢2.93 billion in bids against a GH¢2.24 billion target last week but accepted only GH¢1.77 billion, as T-bill yields fell across all tenors.
S&P Sees Ghana Spending One-Fifth of Revenue on Debt Interest Through 2029
S&P Global Ratings says Ghana’s interest payments will average 20% of revenue over four years, down from a 48% peak in 2021, helped by debt restructuring and a stronger cedi.
Government Paper Drives Nearly 89% of Friday Trading on Ghana’s Bond Market
Treasury bills and DDEP bonds made up nearly 89% of the GH¢1.28 billion traded on Ghana’s Fixed Income Market on 25 September, with corporate debt almost absent.
Government Raises GH¢2.90bn in T-Bill Auction as Yields Drop Again
Ghana’s Treasury raised GH¢2.90bn against a GH¢2.75bn target as yields fell across all maturities, but nearly two-thirds of the borrowing matures in 91 days.