For the second week running, the government failed to meet its treasury bills target. According to the auction results by the Bank of Ghana, the government recorded 20.14% undersubscription of its auction target.

According to auction results, the government got GH¢3.93 billion as against a target of GH¢ 4.93 billion. It, however, accepted GH¢3.23 billion of the bids.

The most subscribed bill was the 91-day bill, as GH¢2.55 billion of the bids were tendered, representing 64.7% of the total bids. However, the uptake was GH¢2.21 billion.

For the 182-day bill, GH¢762.97 million of the bids were tendered. The bids accepted were GH¢661 million.

The 364-day bill recorded bids of about GH¢625.12 million. The uptake was GH¢ 359.17 million.

Meanwhile, interest rates surged once again on the yield curve.

The yield on the 91-day bill increased by 3.0 basis points to 4.81%.

That of the 182-day bill also went up to 6.62% from 6.36% the preceding week.

Similarly, the yield on the 364-day bill inched up by 19 basis points to 9.77%.

SECURITIES	BIDS TENDERED (GH¢)	BIDS ACCEPTED (GH¢)
91 Day Bill	2.55bn	2.21bn
182 Day Bill	762.97	661.00m
364 Day Bill	625.12m	359.17m

Total	3.93bn	3.23bn
Target	4.932bn

DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.

Tags:

Ghana government fails to meet borrowing target; interest rates rise sharply

Suggested for you

More Stories

Did IMF Contribute to Bank of Ghana's GH¢34.9 Billion Loss in 2025?

Working Together: Prudential Bank MD says fintech-bank partnerships are essential for Africa

Joe Mettle gives hope with his new song 'This Year'

Jeremy Doku scores two goals but not enough as Manchester City draws with Everton in six-goal thriller

What Ghana's Proposed Law on Force Paternity Testing Means for Mothers

The Bondi Beach victim says anti-Jewish hatred is now open in public

Discussion