Government on Friday, July 2, 2021, failed to meet a target of Ghs 1,178 million in the auction of its 91 and 182 day treasury bills.
Per the auction results report released by the Bank of Ghana (BoG), bids tendered in by primary dealers for the 91 days T-Bills, amounted to Ghs 603 million with government accepting all bids tendered in.
Bids for the 182 days T-Bills also amounted to Ghs 132 million with government once again accepting all bids.
Bids tendered in for both the 91 and 182 days both fell short of their targets.
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Cumulatively, government was able to mobilise some Ghs 735 million from the auction, falling behind its target of Ghs 1,178 million by Ghs 443 million.
In the previous week – June 25, 2021 – government was however, able to meet its target of raising some Ghs 1,296 million from the auction of its 91, 182 and 364 T-Bills, rejecting some bids tendered in by the primary dealers.
Bids rejected by government in last week’s auction amounted to Ghs 229 million.
Government’s failure to meet its target for the 91 and 182 day treasury bills can be attributed to the tightening of liquidity on the interbank market.
Find details of auction results below:
Auctresults-1753 by Fuaad Dodoo on Scribd
