The government once again fell short of its treasury bills target by 7.0%.
As per the Bank of Ghana’s auction results, the government raised GH¢6.413 billion, below the target of GH¢6.89 billion.
The treasury bills sale missed its goal by approximately GH¢482 million, based on data from the Central Bank.
Despite this, all submitted bids were accepted.
The 91-day bill accounted for GH¢4.244 billion in bids, making up around 66.0% of the total accepted bids.
Investors tendered about GH¢843 million for the 182-day bill.
Meanwhile, the 364-day bill generated over GH¢1.32 billion, albeit at a higher cost.
Interest rates continued to rise along the yield curve, a trend expected to drive up the government’s interest payments.
The yield for the 91-day bill increased by 23 basis points to 27.19%.
The yield for the 182-day bill rose to 27.98%, up from 27.78% the previous week.
The 364-day bill saw a significant increase, with its interest rate climbing by 61 basis points to 29.82%.
| SECURITIES | BIDS TENDERED (GH¢) | BIDS ACCEPTED (GH¢) |
| 91 Day Bill | 4.2442bn | 4.244bn |
| 182 Day Bill | 843.99m | 843.99m |
| 364 Day Bill | 1.324bn | 1.342bn |
| Total | 6.413bn | |
| Target | 6.896bn | |