Gov’t misses GHS 3.37bn T-Bills target by GHS 32m
Government marginally missed its target of mobilizing some GHS 3.37bn on the domestic debt market via the issuance of the 91, 182, and 364-day T-Bills.
In the previous week, 91, 182, and 364-day T-Bills were oversubscribed by some GHS 769m against a target of GHS 3.45bn with the Government mobilizing a total of GHS 4.22bn from the auction.
Bids tendered and accepted for the short-term debt instruments amounted to GHS 3.34bn indicating a shortfall of GHS 32m.
Bids tendered and accepted for the 91-day, 182-day, and 364-day Bills were GHS 2.35bn; GHS 818m, and GHS 166m respectively.
Yields on the 91-day, 182-day, and 364-day bills per the auction results released by the Central Bank were 25.64%; 27.89%, and 28.49% respectively.
Yields on the short-term debt instruments for last week indicate a marginal decline of 0.09%; 0.25% and 0.31% on a week-on-week basis when compared to the previous week’s yields of 25.73% for the 91-day Bill, 28.14% for the 182-day Bill and 28.74% for the 364-day Bill.
Coming this Friday, April 26, 2024, the Government through the Treasury will once again be looking to raise funds via the issuance of its 91, 182, and 364-day Bills.
The Government is reportedly targeting to raise some GHS 3.47bn from the domestic debt market.
