• About
  • Advertise
  • Privacy Policy
  • Contact
Wednesday, July 9, 2025
  • Login
The Vaultz News
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2DNew
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships
No Result
View All Result
The Vaultz News
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2DNew
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships
No Result
View All Result
The Vaultz News
No Result
View All Result

Ghana Borrows GH¢22.06 billion from Treasury Market, Oversubscription Signals Investor Confidence

February 7, 2024
Stephen M.Cby Stephen M.C
in Economy
0
Ghana Borrows GH¢22.06 billion from Treasury Market, Oversubscription Signals Investor Confidence

Ken Ofori-Atta, Minister of Finance

In a financial setting marked by shifting trends and market dynamics, the recent performance of Ghana’s treasury bills offers valuable insights into investor sentiment and government borrowing.

In January 2024, the government successfully borrowed GH¢22.06 billion via treasury bills, surpassing the targeted amount of GH¢15.13 billion by approximately 35.80%. This significant oversubscription underscores investor confidence in Ghana’s debt instruments and reflects a robust demand for government securities.

Of particular note is the overwhelming preference for the 91-day T-bill, indicating investor appetite for short-term, low-risk investment opportunities. This preference aligns with the broader trend observed in global markets, where investors seek liquidity and security amid economic uncertainties.

RelatedPosts

Ghana’s IMF Programme Goes Off Track

Ghana’s Reserves Soar: Mahama Eyes 10-Month Import Cover to Boost Cedi Stability

Bank of Ghana’s Tight Monetary Stance Gets IMF Nod in Battle Against Inflation

Looking ahead, analysts anticipate a continuation of this uptake trend in February 2024, driven in part by the treasury’s estimated cash coupon payment of approximately GH¢4.3 billion on new bonds. Despite expectations for sustained demand, yields are forecasted to decline.

This projection is influenced by several factors, including the disinflation trend witnessed in recent months and the 100 basis points cut in the monetary policy rate during the January 2024 Monetary Policy Committee decision.

Meanwhile, the recent money market auction further reinforced the prevailing market dynamics, with investors oversubscribing the treasury’s offer by a significant margin. Total bids amounted to GH¢4.53 billion, surpassing the target of GH¢2.86 billion. Notably, the government accepted all bids, signaling its willingness to meet investor demand.

Decline in Yields

Yields, meanwhile, experienced a downward trajectory, reflecting the prevailing market conditions. The 91-day and 182-day yields contracted to 28.30% (a decrease of 29 basis points) and 30.79% (a decrease of 30 basis points), respectively. Similarly, the 364-day yield closed lower at 31.40%, representing a decrease of 40 basis points.

Moreover, the anticipated decline in yields presents both challenges and opportunities for investors. While lower yields may reduce returns for existing investors, they also create an attractive environment for new investors seeking relatively higher yields compared to other investment options.

These developments highlight the balance between investor expectations, government borrowing strategies, and broader economic factors. While the oversubscription of treasury bills reflects investor confidence, the downward trend in yields suggests a shifting landscape characterized by evolving monetary policy dynamics and market sentiment.

Furthermore, the government’s proactive approach to meeting investor demand underscores its commitment to prudent fiscal management and capital market development. By accepting all bids in the recent money market auction, the government not only ensures adequate funding for its operations but also fosters confidence among market participants.

This approach is essential for maintaining stability and liquidity within the financial system, ultimately contributing to Ghana’s economic resilience and long-term prosperity. It could also potentially stimulate further investment inflows into Ghana’s debt market, contributing to the deepening of the capital market and the diversification of investment portfolios.

While at it, investors and policymakers alike must remain vigilant, assessing risks and opportunities within the context of a rapidly changing global economy. As Ghana’s treasury bills continue to attract interest and shape market trends, stakeholders must adapt to emerging realities, fostering a resilient and sustainable financial ecosystem for the nation’s growth and development.

READ ALSO: GSE Main Index Records Marginal Decline, Reflects Market Dynamics

Tags: Decline in YieldsGhana Borrows GH¢22.06 billion from Treasury MarketOversubscription Signals Investor ConfidenceTreasury market
Please login to join discussion
Previous Post

GSE Main Index Records Marginal Decline, Reflects Market Dynamics

Next Post

NDC NEC Issues Caution On Fake Announcement On Running Mate Selection Process

Sign up for The Vaultz analytic wire

Get weekly news analysis from top editors at The Vaultz and stay informed on trending economic and business issues from across the globe.

Related Posts

Debby Reveals Professionalism Fuels Female Musicians
Entertainment

Debby Reveals Professionalism Fuels Female Musicians

July 9, 2025
Mass Jail Sentences Deepen Tunisia’s Political Crisis
Africa

Mass Jail Sentences Deepen Tunisia’s Political Crisis

July 9, 2025
Mustapha Gbande, Party, President.
General News

Every NDC Member Is Better Off Today – Gbande

July 9, 2025
Deadly Rush Confirms Fears About Gaza Humanitarian Foundation
Asia

Mass Casualty Incidents Besmirch Gaza’s Aid Struggle

July 9, 2025
GoldBod CEO Champions Value Addition in Mining
Extractives/Energy

Ghana Poised to Reap Big from Soaring Gold Prices

July 9, 2025
Hon. Haruna Iddrisu, Ghana's Minister for Education
General News

Ghana Moves to Overhaul Scholarship Regime with New Bill

July 9, 2025
Debby Reveals Professionalism Fuels Female Musicians
Entertainment

Debby Reveals Professionalism Fuels Female Musicians

by Esther Korantemaa OffeiJuly 9, 2025
Mass Jail Sentences Deepen Tunisia’s Political Crisis
Africa

Mass Jail Sentences Deepen Tunisia’s Political Crisis

by Lawrence AnkutseJuly 9, 2025
Mustapha Gbande, Party, President.
General News

Every NDC Member Is Better Off Today – Gbande

by Silas Kafui AssemJuly 9, 2025
Deadly Rush Confirms Fears About Gaza Humanitarian Foundation
Asia

Mass Casualty Incidents Besmirch Gaza’s Aid Struggle

by Comfort AmpomaaJuly 9, 2025
GoldBod CEO Champions Value Addition in Mining
Extractives/Energy

Ghana Poised to Reap Big from Soaring Gold Prices

by Prince AgyapongJuly 9, 2025
Hon. Haruna Iddrisu, Ghana's Minister for Education
General News

Ghana Moves to Overhaul Scholarship Regime with New Bill

by Evans Junior OwuJuly 9, 2025
Debby Reveals Professionalism Fuels Female Musicians
Mass Jail Sentences Deepen Tunisia’s Political Crisis
Mustapha Gbande, Party, President.
Deadly Rush Confirms Fears About Gaza Humanitarian Foundation
GoldBod CEO Champions Value Addition in Mining
Hon. Haruna Iddrisu, Ghana's Minister for Education
[/vc_row_inner]

Recent News

  • Debby Reveals Professionalism Fuels Female Musicians
  • Mass Jail Sentences Deepen Tunisia’s Political Crisis
  • Every NDC Member Is Better Off Today – Gbande
  • Mass Casualty Incidents Besmirch Gaza’s Aid Struggle
  • Ghana Poised to Reap Big from Soaring Gold Prices
The Vaultz News

Copyright © 2021 The Vaultz News. All rights reserved.

Navigate Site

  • About
  • Advertise
  • Privacy Policy
  • Contact

Follow Us

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2D
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships

Copyright © 2021 The Vaultz News. All rights reserved.