Gov’t continues to exceed T-Bills auction targets as it rakes in GHS 428m more
The new trend of government exceeding auction targets for its short term debt instruments continues as government over the week exceeded its T-Bills auction target by GHS 428m.
T-Bills auction target of government in the 91, 182 and 364 day treasury bill issued on Friday, August 12, 2022, was GHS 1,410m.
Government, at the end of the auction, however mobilised some GHS 1,838m in total accepted bids.
Bids tendered for the 91 day bill was GHS 1,450m out of which government accepted GHS 1,428m.
For the 182 day bill, bids tendered amounted to GHS 282m with government accepting all the GHS 282m bids tendered in.
For the 364 day bill, bids tendered amounted to GHS 130m with government accepting GHS 128m.
The recent trend in government exceeding its T-bills auction targets followed the announcement of the Government of Ghana (GoG) approaching the International Monetary Fund (IMF) for a possible bailout programme due to the country’s present economic challenges.
Prior to that, government missed its T-bills auction targets, occasionally meeting its auction targets – once in a long while.
In its next auction, government is hoping to raise some GHS 823m in the issuance of the 91 and 182 day T-Bills on Friday, August 19 , 2022.
Read details of auction results below:
Auctresults-1811 by Fuaad Dodoo on Scribd
