{"id":74893,"date":"2025-08-11T14:56:08","date_gmt":"2025-08-11T14:56:08","guid":{"rendered":"https:\/\/www.newsbeep.com\/us\/74893\/"},"modified":"2025-08-11T14:56:08","modified_gmt":"2025-08-11T14:56:08","slug":"government-sees-first-undersubscription-in-three-weeks-despite-low-interest-rates","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us\/74893\/","title":{"rendered":"Government sees first undersubscription in three weeks despite low interest rates"},"content":{"rendered":"<p class=\"article-image\"><a href=\"https:\/\/www.ghanaweb.com\/GhanaHomePage\/business\/T-Bills-Government-sees-first-undersubscription-in-three-weeks-despite-low-interest-rates-1995570?gallery=1\" rel=\"nofollow noopener\" target=\"_blank\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.newsbeep.com\/us\/wp-content\/uploads\/2025\/07\/97259954.295.jpg\" alt=\"Treasury Bills were undersubscribed in last week's auction\" title=\"Treasury Bills were undersubscribed in last week's auction\" width=\"295\" height=\"190\" \/> <\/a>Treasury Bills were undersubscribed in last week&#8217;s auction<\/p>\n<p id=\"article-123\">The government&#8217;s latest Treasury Bill auction saw an undersubscription of GH\u00a21.90 billion on August 8, 2025.<\/p>\n<p>According to the Bank of Ghana, the bids were lower than the target of GH\u00a28.588 billion.<\/p>\n<p>This will be the first time in four weeks that the government has seen an undersubscription despite falling interest rates.<\/p>\n<p>The results noted that out of bids worth GH\u00a26.890 billion, only GH\u00a26.687 billion was accepted.<\/p>\n<p>The 91-day bill received bids worth GH\u00a25.02 billion, but only GH\u00a24.99 billion was accepted.<\/p>\n<p>For the 182-day bill, GH\u00a21.23 billion was accepted from the total GH\u00a21.37 billion that was tendered.<\/p>\n<p>However, the 364-day bill saw a total of GH\u00a2490 million being tendered, but only GH\u00a2452 million was accepted.<\/p>\n<p>Interest rates have, however, seen a constant decline as the rates on the 91-day bill yield fell by 9 basis points to 10.20%.<\/p>\n<p>The 182-day by 10 basis points to 12.25%, and the 364-day fell by 14 basis points to 13.10%.<\/p>\n<p>The government is, however, targeting GH\u00a24.24 billion from the 91, 182 and 364-day bills in its next auction on August 15, 2025.<\/p>\n<p>SSD\/AE<\/p>\n<p>Meanwhile, watch the trailer for <a target=\"_blank\" href=\"https:\/\/www.ghanaweb.com\/GhanaHomePage\/people\/person.php?ID=3718\" rel=\"nofollow noopener\">GhanaWeb<\/a>\u2019s upcoming documentary on teenage girls and how fish is stealing their futures\u00a0below:<\/p><\/p>\n","protected":false},"excerpt":{"rendered":"Treasury Bills were undersubscribed in last week&#8217;s auction The government&#8217;s latest Treasury Bill auction saw an undersubscription of&hellip;\n","protected":false},"author":2,"featured_media":39353,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[36],"tags":[28,101],"class_list":["post-74893","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-business","tag-economy"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/74893","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/comments?post=74893"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/74893\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media\/39353"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media?parent=74893"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/categories?post=74893"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/tags?post=74893"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}