The government has missed its Treasury bill issuance target by GH¢169 million, according to data from the Bank of Ghana.
The government was able to raise GH¢5.21 billion out of the targeted GH¢5.38 billion, the Central Bank’s published results stated.
Despite the shortfall, the data revealed that all bids were fully accepted across all tenors, signaling strong investor demand and the Treasury’s willingness to absorb the full auction amount.
For the 91-day bill, GH¢3.85 billion was fully accepted. Similarly, GH¢747 million in bids for the 182-day bill and GH¢611 million for the 364-day bill were entirely allocated.
The 91-day yield dropped by 7 basis points to 15.16%, down from 15.23% the previous week.
The 182-day rate also fell by 7 basis points to 15.70%, while the 364-day yield declined by 15 basis points to 16.80%.
Interest rates continue to decline, averaging between 15% and 16%, reflecting the BoG’s monetary policy stance aimed at stabilising inflation and moderating the cost of borrowing.
The government plans to raise GHS 6.68 billion in the next auction.
A Business Desk Report