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.
Source: www.ghanaweb.com
