Gov’t Misses Treasury Bill Auction Target by GHS 2.67 Billion for Second Consecutive Week
The government has missed its Treasury Bill auction target for the second consecutive week, raising GHS 4.76 billion last Friday, significantly short of its GHS 7.43 billion auction goal.
This follows an undersubscription of GHS 1.48 billion the previous week, when the government aimed to raise GHS 5.88 billion.
The most recent shortfall, an undersubscription of GHS 2.67 billion, occurred despite rising yields on short-term debt instruments.
Investors showed strong interest in the 91-day Treasury Bill, which drew GHS 2.59 billion in bids.
The 182-day bill garnered GHS 830 million, while demand for the 364-day bill totaled GHS 1.33 billion.
Yields across the tenors increased, with the 91-day bill rising by 0.63% to 25.64%, the 182-day bill up by 0.11% to 26.92%, and the 364-day bill edging up by 0.60% to 28.67%.
Looking ahead, the government is set to raise GHS 5.98 billion in its next T-Bill auction, continuing its focus on the 91-day, 182-day, and 364-day maturities.
