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 | |
Latest Stories
-
I assure Otumfuo, Mahama will join him to commission KNUST Teaching Hospital by end of this year – Haruna Iddrisu
36 minutes -
Gov’t to roll out free special education for persons with disabilities from July 1 – Education Minister
57 minutes -
“We used it to test our officiating officials’ readiness” – Bawah Fuseini after CAA Athletics event
1 hour -
Volleyball emerges as Ghana’s fastest rising sport
2 hours -
National Sports Fund needs strong leadership from the top – Administrator David Wuaku
2 hours -
JoySports Exclusive: Steve McLaren in talks with GFA after expressing interest in Black Stars job
2 hours -
Fire guts auto parts warehouse at Bubuashie, one fire officer injured
2 hours -
I owe my victory to coach Ofori Asare – Allotey after winning WBA Africa Gold Super Flyweight belt
2 hours -
Church of Pentecost supports over 2,000 BECE candidates in Obuasi with career guidance seminar
4 hours -
Brandon Asante and Coventry all but promoted to Premier League despite Sheffield Wednesday draw
4 hours -
GPL 2025/26: Late Kwartemaa strike downs Hearts in Tema
4 hours -
Ghana Faces Sierra Leone Moment as Prosecutorial Powers come under strain
4 hours -
Don’t consume fish or seafood from Tema Shipyard until further notice – FDA warns
4 hours -
Why volunteering might be Africa’s most underrated career accelerator
4 hours -
ActionAid Ghana raises concern over gender gaps in Feed Ghana Programme
5 hours