At last Friday’s auction, investors, mostly banks, placed bids totaling GH¢17.69 billion for the government’s short-term debt instruments.

Compiled By: Prince Henry Danquah, Bora Capital Advisors Ltd.

Investors, primarily banks, made bids totaling GH¢17.69 billion for the Government’s short-term debt instruments in last Friday’s auction.

Bids made by primary dealers more than exceeded the Government’s target of raising GH¢8.06 billion by 119% in the auction.

Of the total bids made, the Government of Ghana accepted some GH¢9.43 billion, rejecting some GH¢8.26 billion of the bids made.

The accepted bids will be used to settle maturing bills worth GH¢7.5 billion.

Source: newsthemegh.com