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 |
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