Tag: T-bills
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Government Exceeds Auction Target by GHS 466m, Pushing 364-day Bill Yields to 33%
In the latest auction of treasury bills with maturities of 91, 182, and 364 days, the Government of Ghana has exceeded its initial target of raising GHS 2.10 billion. During the auction of these short-term securities, the Government surpassed its target by a notable GHS 466 million, successfully raising GHS 2.57 billion from the debt…
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Standard Chartered Bank updates SC Mobile App to encourage online transactions
As part of efforts to boost patronage of investment products, Standard Chartered Bank, has introduced a new feature on its mobile banking app that allows customers to purchase Government Treasury bills and bonds. Speaking to Citi Business News after an engagement with clients on the additional feature, the Head of Wealth Management at Standard Chartered…
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T-bills, bonds dominate income sources of banks – BoG report
It is emerging that banks are still accruing a large percentage of their income from their investments in various securities. The latest banking sector report released by the Bank of Ghana disclosed that this component of income increased to 44.8 percent in October 2019 from 42.9 percent in October 2018. The Bank of Ghana’s industry…