Audio By Carbonatix
The government failed to achieve its treasury bills target narrowly as demand for the short-term instruments remained flat.
According to results by the Bank of Ghana, the government fell short of the target by GH¢58.11m.
All the bids were accepted.
A chunk of the bids came from the 91-day bill with GH¢4,028 billion received. This represented 73.73% of the total bids.
For the 182-day bill, about GH¢867 million were tendered.
The 364-day bill however saw bids worth GH 508.6 million tendered.
Meanwhile, interest rates continued to inch closer to 30%.
The yield on the 364-day bill surged to 29.95%, from 29.94% the previous week
The yield on the 91-day bill increased by 8.0 basis points to 27.85%.
For the 182-day bill, the rate went up to 28.57% from 28.32% the prior week.
| SECURITIES | BIDS TENDERED (GH¢) | BIDS ACCEPTED (GH¢) |
| 91 Day Bill | 4.028bn | 4.028bn |
| 182 Day Bill | 867.34m | 867.34m |
| 364 Day Bill | 508.6m | 508.6m |
| Total | ||
| Target | 5.0463bn | |
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