Government misses T-bill target for four weeks, raises GH¢2.95 billion in latest auction

The government failed to meet its Treasury bills target for the fourth consecutive week, raising GH¢2.95 billion against a target of GH¢4.55 billion.

This shortfall signals a decline in investor confidence and tighter liquidity conditions in the money market.

According to auction results published by the Bank of Ghana, the Treasury missed its target by about 24%.

The Treasury received total bids amounting to GH¢3.379 billion but accepted GH¢2.952 billion.

The majority of the bids came from the 91-day bill, with investors offering GH¢2.418 billion. This represented 71.55% of total bids. The government accepted GH¢2.191 billion of these offers.

The 182-day bill attracted GH¢603 million in bids, of which GH¢113 million were rejected.

The 364-day bill saw the weakest investor interest, raising GH¢157 million, with GH¢79 million in bids turned down.

The 91-day yield edged down by one basis point to 14.69%, while the 182-day rate held steady at 15.25%. The 364-day yield dipped by five basis points to 15.69%.

SP/MA

How social engineering hacks your mind and your bank account