Audio By Carbonatix
The government failed to meet its treasury bills target for the sixth week running.
According to the T-bills auction published by the Bank of Ghana, the government missed the target by 6.91%.
The government got GH¢ 4.624 billion from the sale of the T-bills. The target for the auction was GH¢4.96 billion.
GH¢3.606 billion, representing 77.97% came from the 91-day T-bills. The uptake was GH¢3.606 billion.
The 182-day T-bills saw bids worth GH¢ 733.59 million tendered. All were accepted.
For the 364-day T-bill, GH¢284.92 million were tendered and all were accepted.
Meanwhile, interest rates were mixed on the money market.
Whilst the yield on the 91-day bill went up that of the 182-day and 364-day bill fell marginally.
The yield on the 91-day bill was 24.843% from the previous week’s 24.825%. However, that of the 182-day bill was 26.746%, lower than the preceding week’s 26.764%.
Similarly, the rate on the 364-day bill was 27.850% from the 27.857% recorded a week ago.
| SECURITIES | BIDS TENDERED (GH¢) | BID ACCEPTED (GH¢) |
| 91 Day Bill | 3.606 billion | 3.606 billion |
| 182 Day Bill | 733.59 million | 733.59 million |
| 364 Day Bill | 284.92 million | 284.92 million |
| Total | 4.624.63 billion | 4624.63 billion |
| Target | 4.968 billion | |
Latest Stories
-
‘Apologise if you accept you erred’ – Political analyst tells Chief Justice
8 minutes -
Mahama’s board shake-up should not be linked to indiscipline – Akwatia MP
30 minutes -
‘My Police, Your Police, Our Police’: the Aboso fire and a lesson in Policing together
52 minutes -
Parliament backs OSP probe into alleged GH¢70k payment to Patricia Appiagyei
1 hour -
Photos: Joy FM Back-to-School Fair buzzes with excitement, strong patronage on Day 2
1 hour -
Dissolving inactive SOE boards is justified – Dennis Miracles Aboagye
2 hours -
John Boadu: I am not contesting for president; I am contesting to make Bawumia President
2 hours -
Zoomlion begins post-flood disinfection exercise in West Gonja to curb health risks
2 hours -
When Lady Justice Counted Eight Years
2 hours -
SIGA reporting should distinguish commercial performance from public service – Yaw Appiah Lartey
2 hours -
SOEs must hold AGMs, not just submit audited accounts – Deloitte Partner
2 hours -
There are errors in SIGA report that affected its conclusions – Miracles Aboagye
2 hours -
Joy FM Back-to-School Fair gains momentum as Day 2 gets underway
3 hours -
Bright Simons fires back, rejects claims he used AI to critique SIGA report
3 hours -
SIGA did not conjure or manufacture figures – Prof Kpessa-Whyte
3 hours