Audio By Carbonatix
The government missed its treasury bills target by GH¢1.44 billion for the second consecutive week.
According to auction results from the Bank of Ghana, the government accepted all the bids for the short-term instruments.
It got GH¢3.86 billion from the sale of the financial instruments.
The shortfall may be largely due to its quest to keep interest rates down. GH¢2.904 billion was received for the 91-day bills.
That of the 182-day was estimated at GH¢698.50 million.
For the 364-day bill, GH¢ 261.30 million was mobilised.
Meanwhile, interest rates remained steady across the yield curve.
The yield on the 91-day bill was unchanged at 24.78%.
For the 182-day, the yield was 26.71%, from the previous week’s 26.74%. The one-year bill went for 27.80% from the preceding 27.78%.
From indications, the government may miss its 17.4 billion treasury target for this month.
| SECURITIES | BIDS TENDERED (GH¢) | BIDS ACCEPTED (GH¢) |
| 91 Day Bill | 2.904 billion | GH¢ 2.904 billion |
| 182 Day Bill | 698.50 million | 698.50 million |
| 364 Day Bill | 261.30 million | 261.30 million |
| Total | 3.863 billion | |
| Target | 5.310 billion | |
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