For the 4th week running, the government failed to meet its treasury bills target.
According to the latest auction by the Bank of Ghana, the government got GH¢3.803 billion, a 12.81% decline from the targeted amount of GH¢4.363 billion.
The majority of the bids came from the 91-day bill.
The bids tendered constituted 54.7% of the total bids. The uptake for the 3-month bill was GH¢ 2.389 billion.
For the 182-day bill, GH¢ 1.170 billion were the bids tendered. All the bids were accepted.
About GH¢243.04 million were the bids tendered for the 364-day bill. Once again, all the amount was accepted.
Meanwhile, interest rates went up slightly.
The yield on the 91-day bill increased to 24.82% from the previous week’s 24.78%.
That of the 182-day bill also inched up to 26.76% from the preceding week’s 26.74%.
For the 364-day bill, the rate was 27.85% from the 27.7% in the past week.
| SECURITIES | BIDS TENDERED (GH¢) | BIDS ACCEPTED (GH¢) |
| 91 Day Bill | 2.389 billion | 2.389 billion |
| 182 Day Bill | 1.170 billion | 1.170 billion |
| 364 Day Bill | 243.04 million | 243.04 million |
| Total | 3.803 billion | 3.803 billion |
| Target | 4.363 billion |
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