Gov’t exceeds T-Bills auction target of GHS 1.98bn; mobilizes GHS 3.67bn
Government, in its T-Bills auction last week Friday, December 16, exceeded its auction target by some GHS 1.68bn.
Target set for the T-Bills auction was GHS 1.98bn. Government at the end of the auction, mobilised funds in excess of GHS 3.67bn.
This is the fifth time in a row that Government has exceeded its auction target.
The first time was five weeks ago when Government exceeded its target by GHS 487m mobilising some GHS 1.65bn in total bids.
The second was four weeks ago when Government mobilised funds in excess of GHS 2.39bn against a target of GHS 2.17bn.
The third was three weeks when Government exceeded its target by GHS 896m mobilising some GHS 2,748 million in total bids.
Prior to that, the Government had for four consecutive weeks missed its auction targets.
In the next auction – 91 day and 182 day T-Bills – Government will once again be seeking to raise a total of GHS 1.43bn from the domestic debt market.
