T-Bills: Trend in exceeding auction targets continue as Gov’t rakes in GHS 156m more
The new trend of government exceeding auction targets for its short term debt instruments continues as government over the week exceeded its T-Bills auction target by GHS 156m.
T-Bills auction target of government in the 91 and 182 day treasury bill issued on Friday, July 15, 2022, was GHS 932m.
Government, at the end of the auction, however mobilised some GHS 1,088m in total accepted bids.
Bids tendered for the 91 day bill was GHS 940m out of which government accepted GHS 886m.
For the 182 day bill, bids tendered amounted to GHS 210m with government accepting GHS 202m.
The recent trend in government exceeding its T-bills auction targets followed the announcement of the Government of Ghana (GoG) approaching the International Monetary Fund (IMF) for a possible bailout programme due to the country’s present economic challenges.
Prior to that, government in the preceding months missed its T-bills auction targets, occasionally meeting its auction targets – once in a long while.
In its next auction, government is hoping to raise some GHS 1,947m in the issuance of the 91, 182 and 364 day T-Bills on Friday, July 22, 2022.
Read details of auction results below:
BOG Notice No 58 FMD T Bills Auctresults 1807 15th July 2022 2 by Fuaad Dodoo on Scribd
