Government missed treasury bills target marginally for 7th consecutive week

For the seventh consecutive week, the government failed to meet its target for treasury bills by GH¢89 million.

In its latest auction, the government secured GH¢5,230.59 billion, falling short of its GH¢5,319 billion target.

During the auction on August 23, 2024, and issuance on August 26, 2024, GH¢3.725 billion was secured for the 91-day bill.

However, the government accepted GH¢1.251 million for the 182-day bill and GH¢252.74 billion for the 365-day bill.

Last week, the government sold a total of GH¢4.624.63 billion.

Interest rates were set at 24.79% for the 91-day bill, 26.68% for the 182-day bill, and 27.81% 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¢5.088 billion for its next auction.

SSD/MA

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