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
-
UK restricts DR Congo visas over migrant return policy
2 hours -
Attack on Kyiv shows ‘Russia doesn’t want peace’, Zelensky says
2 hours -
Two dead in 50-vehicle pile up on Japan highway
2 hours -
Fearing deportation, Hondurans in the US send more cash home than ever before
2 hours -
New York blanketed in snow, sparking travel chaos
3 hours -
Creative Canvas 2025: Documenting Ghana’s creative year beyond the noise
6 hours -
We would have lost that game last season – Guardiola
6 hours -
Nigeria reach AFCON last 16 despite Tunisia fightback
6 hours -
‘He just needed more time’ – Wirtz finally breaks Liverpool duck
7 hours -
Arsenal in ‘survival’ mode as ‘sensational’ Raya save keeps them top
7 hours -
‘Wizkid is my boy, I accommodated him years ago’ – American rapper, Wale
7 hours -
[Video] ‘I don stop to dey give belle anyhow’ – 2Baba confesses
7 hours -
‘No artist is wack, every music is tailor-made’ – 2Baba
7 hours -
[Video]Timaya falls on stage while trying to lift plus-sized woman during performance
7 hours -
Family cremates wrong body after hospital mistake in Scotland
8 hours