Government missed treasury bills target for 6th consecutive week

For the sixth week in a row, the government missed its target for the treasury bills target.

The government secured GH¢4.624 billion missing its target of GH¢4.968 billion in its latest auction.

The auction on August 16 and issued on August 19 secured GH¢3.606 for the 91-day bill.

The government accepted GH¢733.59 million for the 182-day bill and GH¢284.92 billion for the 365-day bill.

Last week, the government sold a total amount of GH¢5.300 billion. Interest rates stood at 24.84% for the 91-day bill, 26.74% for the 182-day bill, and 27.85% for the 365-day bill.

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

The government has set its next auction target at GH¢5.319 billion.

SSD/NOQ

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