Audio By Carbonatix
For the 5th consecutive week, the government failed to meet its treasury bills target.
According to auction results from the Bank of Ghana, the government got GH¢5.300 billion from the sale of the short-term instruments.
This was about 19% lower than the targeted amount of GH¢ 6.558 billion.
All the bids tendered were, however, accepted.
Around GH¢ 4.101 billion came from the 91-day bill, approximately 77.3% of the total bids tendered.
For the 182-day bill, GH¢ 967.19 million was tendered.
The 364-day bill however received total bids worth GH¢ 231.14 million.
Meanwhile, interest rates surged marginally due to the tightening liquidity.
The yield on the 91-day bill was 24.825% from 24.820 the previous week.
That of the 182-day bill was 26.764% from the preceding week’s 26.76%.
The rate of the 364-day bill was however 27.857% as against the past week’s 27.85%.
| SECURITIES | BIDS TENDERED (GH¢) | BIDS ACCEPTED (GH¢) |
| 91 Day Bill | GH¢ 4.101 billion | GH¢ 4.101 billion |
| 182 Day Bill | GH¢ 967.19 million | GH¢ 967.19 million |
| 364 Day Bill | GH¢ 231.14 million | GH¢ 231.14 million |
| Total | 5.300 billion | 5.300 billion |
| Target | 6.558 billion |
Latest Stories
-
Togbe Afede XIV lauds government’s $10bn ‘big push’ programme for boosting farm produce transport
55 minutes -
FDA urges consumers to prioritise safety when purchasing products during festive season
59 minutes -
President Mahama calls for single-digit interest rates on agricultural loans
1 hour -
President Mahama urges Ghanaians in formal jobs to take up farming
1 hour -
Farming interventions paying off, lifting incomes and food security, says Agric minister
2 hours -
Gov’t pledges science-backed interventions in agriculture, says Agric minister
2 hours -
Ghana unveils $3.4bn plan to accelerate national clean energy transition
2 hours -
Interior minister urges security agencies to maximise use of new NSB regional command in Ho
2 hours -
Photos: Ghana celebrates 41st National Farmers’ Day
2 hours -
2025 Farmer’s Day: Farmers demand a 2% interest rate on loans to boost farming activities
2 hours -
Chamber of Aquaculture Ghana calls for strong public-private partnerships to unlock finance and transform the sector
3 hours -
Lions celebrate International Volunteer Day with over decades of service and impact
3 hours -
3 dead, dozens injured in Mampong Abuontem head-on collision
3 hours -
MoFFA shuts down several Eastern Region mortuaries over poor sanitation, non-compliance
3 hours -
Domestic violence case: John Odartey Lamptey remanded over alleged brutal assault on wife
3 hours