• About
  • Advertise
  • Privacy Policy
  • Contact
Thursday, October 23, 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

Investors Punish Government for Mismanagement As It Misses T-bill Target

M.Cby M.C
August 7, 2023
Reading Time: 4 mins read
M.Cby M.C
in One Top Story, Securities/Markets
0
Investors Punish Government for Mismanagement As It Misses T-bill Target

In the midst of raging anger over the recent news of the Bank of Ghana making huge losses of over GH¢60 billion and also printing money to finance government’s mismanagement, investors decided to punish the government at the short end of the market as the government misses its Treasury bills auction target, signaling lack of investor confidence.

At the end of the auction, the Government of Ghana’s Treasury bills auction, with a significant value of GH¢2,261 million, encountered a demand setback as it fell short of its target by GHS 84 million, denting government’s hope of mobilizing more domestic debt to finance its mid-year budget.

During the auction, T-bills worth GH¢1,384 million, GH¢649 million, and GH¢144 million were accepted for the 91-Day, 182-Day, and 364-Day bills, respectively. The subdued demand for these short-term government securities reflects investor caution and hints at prevailing concerns over the economic outlook. Also, the lackluster response by investors highlighted uncertainties prevailing in the market.

RelatedPosts

GSE Tumbles as Benchmark Index Sheds Over 20 Points in Midweek Shake-Up

Ghana Beats Fiscal Target as Budget Deficit Shrinks to GH¢19.7bn

Yields Climb as Treasury Struggles to Hit Targets in Latest Auction

Yield movement across the various maturities showed mixed trends, with different tenors attracting varied responses from the market. The 91-Day T-Bills settled at a yield of 25.5%, reflecting the risk appetite for short-term investments. In comparison, the 182-Day T-Bills commanded a slightly higher yield, settling at 27.2%. The longest maturity, the 364-Day T-Bills, registered the highest yield at 30.4%, signaling investors’ preference for higher returns amid uncertainties.

Looking forward, the Government aims to raise GH¢3,065 million in the next auction (Tender #1863) for the combined issuance of the 91-Day, 182-Day, and 364-Day T-Bills. Achieving this ambitious target will require close monitoring of market sentiment and economic indicators, considering the recent shortfall.

The setback in demand for the Treasury bills underscored the importance of prudently managing the government’s borrowing program amid the evolving economic landscape. Both domestic and international investors will closely evaluate macroeconomic factors, inflationary pressures, and fiscal policies while making investment decisions.

ADVERTISEMENT

As the Government navigates these challenges, investors are expected to remain vigilant and assess the risk-return dynamics of government T-bills. Market participants will keep a watchful eye on developments, seeking signals of stability and recovery in the Ghanaian economy.

Investors Shift Focus to the Equities Market

Meanwhile as investors lower their involvement in the T-bills market, they shifted their focus to the stock market as the Ghana Stock Market experienced another robust performance last week.

The stock market GSE-Composite Index surged by an impressive 5.31% as investor sentiment remained bullish throughout last week, propelling the index to new heights and driving the year-to-date performance to a remarkable 27.97%.

However, despite broader market gains, the ongoing financial sector challenges persist, as the GSE-Financial Stocks Index managed only a modest increase of 0.50%, highlighting the ongoing challenges faced by the financial sector in the country. The year-to-date performance for financial stocks stands at -16.02%, signaling a tough road ahead for this segment of the market.

Treasury Bills

In a significant development, market capitalization witnessed a substantial leap, adding GH¢1.714 billion in value from the previous week, resulting in a new milestone of GH¢73.71 billion. This surge in market cap reflects growing investor confidence in the Ghana Stock Exchange and its prospects.

Trading activity remained vibrant, with a total of twenty-one (21) equities changing hands during the week. Notable gainers included Guinness Ghana Breweries Limited (GGBL), Scancom PLC. (MTNGH), and Societe Generale Ghana Limited (SOGEGH). GGBL posted an impressive gain of GH¢0.25, closing at GH¢2.80, while MTNGH and SOGEGH recorded gains of GH¢0.12 and GH¢0.07, respectively, closing at GH¢1.55 and GH¢0.80.

Scancom PLC (MTNGH) emerged as the standout player, accounting for a dominant 94.15% of the week’s total traded value. The company’s traded volume amounted to ¢8,609,720.64, highlighting its significant influence on overall market activity.

During the week, a total of 5,832,677 shares were traded, cumulating to a total value of GH¢9,145,160.18. This represented a notable increase in market activity, with both volume traded and value traded advancing by 19.08% and 8.61%, respectively, compared to the previous week.

Notwithstanding the current economic difficulties facing the country, the country’s equities market demonstrated resilience, attracting domestic and international investors alike. The last week’s gains underscored the potential opportunities and growth prospects present in the local bourse. It will also signal to the government that its action are being watched by investors who are always making informed decisions.

READ ALSO: Afreximbank Opens CARICOM Office to Expand Africa-Caribbean trade and investment relations

Tags: Bank of GhanaGhana Stock ExchangeInvestors Punish Government for MismanagementT-billsyields
Please login to join discussion
Previous Post

Owusu-Bempah Advises KKD

Next Post

Cecilia Dapaah’s Case: FBI And IRS Notified By US-Based Ghanaian

Subscription Form

Related Posts

GSE Tumbles as Benchmark Index Sheds Over 20 Points in Midweek Shake-Up
Securities/Markets

GSE Tumbles as Benchmark Index Sheds Over 20 Points in Midweek Shake-Up

October 23, 2025
Ghana Beats Fiscal Target as Budget Deficit Shrinks to GH¢19.7bn
Economy

Ghana Beats Fiscal Target as Budget Deficit Shrinks to GH¢19.7bn

October 22, 2025
Yields Climb as Treasury Struggles to Hit Targets in Latest Auction
Securities/Markets

Yields Climb as Treasury Struggles to Hit Targets in Latest Auction

October 22, 2025
Cedi’s October Surge Stuns Markets as 16% Jump in Two Weeks Sparks Investor Optimism
Economy

Cedi’s October Surge Stuns Markets as 16% Jump in Two Weeks Sparks Investor Optimism

October 21, 2025
GSE Trading Volume Crashes 90% in a Quiet Session
Securities/Markets

GSE Trading Volume Crashes 90% in a Quiet Session

October 21, 2025
Ghana Inches Closer to $380 Million IMF Disbursement as Board Review Looms in December
Economy

Ghana Inches Closer to $380 Million IMF Disbursement as Board Review Looms in December

October 20, 2025
GNPC and SONATRACH Advance Strategic Partnership
Extractives/Energy

GNPC, SONATRACH Forge to Boost Energy Research and Innovation in Africa 

by Prince AgyapongOctober 23, 2025
Ato Forson Praised for Professionalism and Economic Discipline
General News

Elikem Kotoko Wants Akufo-Addo in Court Over National Cathedral Scandal

by Silas Kafui AssemOctober 23, 2025
Galamsey: Prestea Huni-Valley MCE Laments over Destructions
Extractives/Energy

Galamsey: Prestea Huni-Valley MCE Laments over Destructions

by Bless Banir YarayeOctober 23, 2025
Tamale South MP Calls for “Minority Day” in Parliament
General News

Tamale South MP Calls for “Minority Day” in Parliament

by Richmond EllehOctober 23, 2025
ORAL Must Remain and Succeed – CDD-Ghana Fellow
General News

ORAL Must Remain and Succeed – CDD-Ghana Fellow

by Emmanuel Tibila BoasahOctober 23, 2025
State Department Defends Decision To Revoke Chinese Student Visas
USA

Rubio Heads To Israel In Support Of Ceasefire Implementation

by Comfort AmpomaaOctober 23, 2025
GNPC and SONATRACH Advance Strategic Partnership
Ato Forson Praised for Professionalism and Economic Discipline
Galamsey: Prestea Huni-Valley MCE Laments over Destructions
Tamale South MP Calls for “Minority Day” in Parliament
ORAL Must Remain and Succeed – CDD-Ghana Fellow
State Department Defends Decision To Revoke Chinese Student Visas

Recent News

GNPC and SONATRACH Advance Strategic Partnership

GNPC, SONATRACH Forge to Boost Energy Research and Innovation in Africa 

October 23, 2025
Ato Forson Praised for Professionalism and Economic Discipline

Elikem Kotoko Wants Akufo-Addo in Court Over National Cathedral Scandal

October 23, 2025
Galamsey: Prestea Huni-Valley MCE Laments over Destructions

Galamsey: Prestea Huni-Valley MCE Laments over Destructions

October 23, 2025
Tamale South MP Calls for “Minority Day” in Parliament

Tamale South MP Calls for “Minority Day” in Parliament

October 23, 2025
ORAL Must Remain and Succeed – CDD-Ghana Fellow

ORAL Must Remain and Succeed – CDD-Ghana Fellow

October 23, 2025
State Department Defends Decision To Revoke Chinese Student Visas

Rubio Heads To Israel In Support Of Ceasefire Implementation

October 23, 2025
The Vaultz News

Copyright © 2025 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 © 2025 The Vaultz News. All rights reserved.

Discover the Details behind the story

Get an in-depth analysis of the news from our top editors

Enter your email address