Government fails to meet treasury bills auction target again by GH¢754 million

For the ninth consecutive week, the government failed to meet its target for treasury bills by GH¢754.86 million.

In its latest auction, the government secured GH¢4.849 billion, falling short of its GH¢5.604 billion target.

During the auction on September 6, 2024, and issuance on September 9, 2024, GH¢3.903 billion was secured for the 91-day bill.

However, the government accepted GH¢1.357 million for the 182-day bill and GH¢748.58 million for the 365-day bill.

Last week, the government sold a total of GH¢197.11 billion.

Interest rates were set at 24.90% for the 91-day bill, 26.78% for the 182-day bill, and 27.92% for the 365-day bill.

According to the Bank of Ghana's results, all bids tendered in this week’s auction were accepted.

Meanwhile, the government has set a target of GH¢5.400 billion for its next auction.

SSD/MA

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