Government Misses Treasury Bill Auction Target, Raises GHS 5.40 Billion
The Government fell short of its Treasury bill auction target for December 20, 2024, securing GHS 5.40 billion against a target of GHS 5.46 billion.
This results in a shortfall of GHS 60 million, a marked contrast to the previous week’s oversubscription of GHS 1.35 billion, which saw GHS 8.19 billion raised in short-term debt.
The 91-day T-bill emerged as the most sought-after debt instrument, receiving GHS 4.02 billion in bids.
Meanwhile, the 182-day and 364-day bills attracted GHS 867 million and GHS 508 million, respectively.
Yields across all tenors experienced marginal increases. The 91-day bill yield rose by 8 basis points to 27.85%, while the 182-day bill yield also increased by 8 basis points to 28.57%.
The 364-day bill yield edged up slightly by 1 basis point to 29.94%.
Looking ahead, the government aims to raise GHS 4.26 billion in its next auction scheduled for next week, as it continues its efforts to manage domestic debt and meet immediate fiscal financing needs.
