For two consecutive months, the government missed its target for treasury bills as liquidity remained tight on the money market.
According to auction results from the Bank of Ghana, the government’s target fell by 991.61 million
The target for the auction was GH¢5.088 billion but the government got GH¢4.094 billion.
Some analysts have attributed the shortfall by some banks preparation to shore up their capital.
All the bids tendered for the short-term securities were accepted.
The uptake for the 91-day bill was GH¢2.532 billion, representing 61.84% of the total bids.
The bids tendered for the 182-bids were estimated at GH¢1.357 billion.
That of the 364-day bill was GH¢205.23 million cedis.
Meanwhile, interest rates went up across the yield curve.
The yield on the 91-day bill increased by 10 basis points to 24.88%.
Also, the interest on the 182-day bill shot up to 26.78% from the previous week 26.68%.
The 364-day yield was however 27.91%.
| SECURITIES | BIDS TENDERED (GH¢) | BIDS ACCEPTED (GH¢) |
| 91 Day Bill | 2.532 billion | 2.532 billion |
| 182 Day Bill | 1.357 billion | 1.357 billion |
| 364 Day Bill | 205.23 million | 205.23 million |
| Total | 4.094 billion | |
| Target | 5.088 billion |
Latest Stories
-
NDC’s control of major media houses gave them edge in 2024 polls, says Bawumia
4 minutes -
49th SWAG Awards: High jump Queen Rose Yeboah and Grace Mintah lead nominees for topmost award
18 minutes -
ORAL: ‘National Cathedral spending is an ‘expensive pit of deceit’ – Ablakwa
27 minutes -
Our people didn’t vote – Bawumia explains why the NPP lost
30 minutes -
Dr Bawumia had no choice given Mahama’s decisive victory – Malik Basintale
36 minutes -
ORAL: ‘Clergy were misled by Akufo-Addo’ – Ablakwa on National Cathedral scandal
40 minutes -
‘It is false’- PMMC refutes claims of politicians smuggling gold from Ghana
59 minutes -
2 million NPP supporters did not turn up to vote – Kabiru Mahama
1 hour -
IPR Ghana congratulates citizens for peaceful election, calls for unity
2 hours -
Bawumia’s 8 minutes elite ball that zapped the energy of trigger happy politicians
2 hours -
It will be a betrayal if National Cathedral saga does not feature in ORAL’s work – Ablakwa
3 hours -
‘It’s unfortunate we had to protect the public purse from Akufo-Addo’ – Ablakwa on ORAL Team’s mission
3 hours -
Congo lawyers say Apple’s supply chain statement must be verified
4 hours -
Stampede in southwestern Nigerian city causes multiple deaths
4 hours -
Tens of thousands without water in Mayotte as curfew brought in
4 hours