Audio By Carbonatix
For the 4th week running, the government failed to meet its treasury bills target.
According to the latest auction by the Bank of Ghana, the government got GH¢3.803 billion, a 12.81% decline from the targeted amount of GH¢4.363 billion.
The majority of the bids came from the 91-day bill.
The bids tendered constituted 54.7% of the total bids. The uptake for the 3-month bill was GH¢ 2.389 billion.
For the 182-day bill, GH¢ 1.170 billion were the bids tendered. All the bids were accepted.
About GH¢243.04 million were the bids tendered for the 364-day bill. Once again, all the amount was accepted.
Meanwhile, interest rates went up slightly.
The yield on the 91-day bill increased to 24.82% from the previous week’s 24.78%.
That of the 182-day bill also inched up to 26.76% from the preceding week’s 26.74%.
For the 364-day bill, the rate was 27.85% from the 27.7% in the past week.
| SECURITIES | BIDS TENDERED (GH¢) | BIDS ACCEPTED (GH¢) |
| 91 Day Bill | 2.389 billion | 2.389 billion |
| 182 Day Bill | 1.170 billion | 1.170 billion |
| 364 Day Bill | 243.04 million | 243.04 million |
| Total | 3.803 billion | 3.803 billion |
| Target | 4.363 billion |
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