For the eighth consecutive week, the government failed to meet its target for treasury bills by GH¢993.61 million.
In its latest auction, the government secured GH¢4.094 billion, falling short of its GH¢5.088 billion target.
During the auction on August 30, 2024, and issuance on September 2, 2024, GH¢2.532 billion was secured for the 91-day bill.
However, the government accepted GH¢1.357 million for the 182-day bill and GH¢205.23 million for the 365-day bill.
Last week, the government sold a total of GH¢5.230 billion.
Interest rates were set at 24.88% for the 91-day bill, 26.78% for the 182-day bill, and 27.91% 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¢5.604 billion for its next auction.
Source: www.ghanaweb.com
