Government secures GHS 726m from GHS 2.2bn T-bills auction target
Government on Friday, March 25, 2022, failed to meet the target of GHS 2,210 million in the auction of its 91,182 and 364-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 438 million with government accepting GHS 434m of the bids tendered in.
Bids for the 182 and 364 days T-Bills also amounted to GHS 72 million and GHS 222 million respectively with government accepting all bids made for the 182-days T-bills and GHS 220m for the 364-days T-bills.
Bids tendered in for the 91,182 and 364 days treasury bills were insufficient to meet their respective targets.
Cumulatively, government was able to mobilise some GHS 726 million from the auction, falling behind its target of GHS 2,210 million by GHS 1,484 million.
In the previous auction – March 18 – government was able to mobilise some GHS 1,178 million from the issuance of the 91 days and 182 days treasury bills.
Government’s failure to meet its target for the 91, 182 and 364-day treasury bills can be attributed to a tightening of liquidity on the interbank market.
Meanwhile, government in its next auction – April 1 – is aiming at raising some GHS 766 million from the issuance of the 91, 182 and 364-day bills.
Find details of auction results below:
BOG Notice No. 21 FMD T Bills Auctresults 1791 25th March 2022 by Fuaad Dodoo on Scribd
