The government missed its treasury bills target for the third consecutive week, as liquidity remained relatively tight on the money market.
According to auction results from the Bank of Ghana, it got GH¢4.062 billion from the sale of the T-bills as against a target of GH¢ 4.779 billion. This is about a 15% decline.
Approximately GH¢2.404 billion came from the 91-day bill, representing 59.1%.
The uptake represented all the bids tendered for the auction.
For the 182-day bill, GH¢1.179 billion were tendered and all were accepted.
About GH¢ 477.58 million were also bids tendered for the 364-day bill. All were accepted.
Meanwhile, interest rates remain relatively steady.
The yield on the 91-day was unchanged at 24.78%.
For the 182-day bill, it went up marginally by 3 basis points to 26.74%.
That of the 364-day bill fell slightly to 27.75% from the preceding week’s 27.80%.
| SECURITIES | BIDS TENDERED (GH¢) | BIDS ACCEPTED (GH¢) |
| 91 Day Bill | 2.404 billion | 2.404 billion |
| 182 Day Bill | 1.179 billion | 1.179 billion |
| 364 Day Bill | 477.58 million | 477.58 million |
| Total | 4.062 billion | |
| Target | 4.779 billion | |
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