Gov’t misses GHS 875m T-bills target; mobilize GHS 470m from 3-year note
Government on Friday, May 20, 2022, failed to meet a target of GHS 875 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 657 million with government accepting all bids tendered in.
Bids for the 182 days T-Bills also amounted to GHS 166 million with government accepting GHS 163 million of the total bids made for the short-term debt instruments.
Bids tendered in for the 91 and 182 days were insufficient to meet their respective targets.
Cumulatively, government was able to mobilise some GHS 820 million from the auction, falling behind its target of GHS 875 million by GHS 55 million.
Additionally, government mobilized some GHS 470m at a coupon rate of 24% from the issuance of a 3-year cedi denominated note.
The 3-yr cedi denominated note set to mature in 2025 was opened to both resident and non-resident investors.
Read auction results below:
Auctresults-1799 by Fuaad Dodoo on Scribd
