T-bills: Government misses auction target of GHS 830m by GHS 289m
Government on Friday, December 24, 2021, failed to meet a target of GHS 830 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 441 million with government accepting all bids tendered in.
Bids for the 182 days T-Bills also amounted to GHS 100 million with government accepting GHS 99 million of the bids made.
Bids tendered in for both the 91 and 182 days both fell short of their respective targets.
Cumulatively, government was able to mobilise some GHS 541 million from the auction, falling behind its target of GHS 830 million by Ghs 289 million.
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In the previous week – December 17, 2021 – government was however, able to meet its target of raising some Ghs 1,145 million from the auction of its 91, 182 and 364 T-Bills.
Alongside the auction of the 91, 182, and 364 days T-Bills, the government also raised some GHS 923 million from the auction of a 5-year maturity bond.
Cumulatively, government raised some GHS 2,068 million in debts in the previous week’s auction.
Government’s failure to meet its target for the 91 and 182-day treasury bills can be attributed to a tightening of liquidity on the interbank market.
Find details of auction results below:
Auctresults-1778 by Fuaad Dodoo on Scribd
