Gov’t marginally misses T-Bills target by GHS 43.56m
Government missed its Treasury bills auction target marginally by GH¢43.56 million.
However, accepted bids were below tendered bids as GH¢1,131.44 million was raised in 91-Day Bills, GH¢494.85 million in 182-Day Bills and GH¢183.13 million in 364-Day Bills as compared to GH¢1,413.86 million raised in 91-Day Bills and GH¢601.99 million in 182-Day Bills at the previous week’s auction.
BREAKDOWN OF TOTAL AMOUNT RAISED THIS WEEK
| Treasuries | Bids Tendered (GH¢ MN) | Bids Accepted (GH¢ MN) |
| 91-Day T-Bill | 1,131.44 | 1,131.44 |
| 182-Day T-Bill | 510.87 | 494.85 |
| 364-Day T-Bill | 183.13 | 183.13 |
| TOTAL | 1,825.44 | 1,809.42 |
Interest rates for the money market instruments continued to remain relatively stable but still high since the government announced the launch of the debt exchange programme on December 5, 2022, settling at 35.36%, 35.98%, and 35.89% for the 91- Day,182-Day, and 364-Day bills respectively.
RESULTS OF LAST WEEK’S TREASURY BILL AUCTION
| GOG Treasuries | Current | Previous | Change |
| 91-Day T-Bills | 35.36% | 35.36% | 0.003% |
| 182-Day T-Bills | 35.98% | 35.90% | 0.077% |
| 364-Day T-Bills | 35.89% | 36.10% | -0.214% |
Meanwhile, the target for the next auction (Tender #1832) is GH¢1,492.00 million in 91-Day and 182-Day Bills.
