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Gov’t exceeds target for 91 and 182 days T-bills by GHS 370 million

4 years ago
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Gov’t exceeds target for 91 and 182 days T-bills by GHS 370 million

Government exceeded its GHS 932 million target for the issuance of the 91 and 182 days treasury bills issuance on Friday, February 4, 2022.

Government accepted all GHS 1,302 million bids made for the 91 and 182 days treasury bills.

Bids amounting to GHS 1,216 million was made for the 91 days T-bills with government accepting all bids made.

With respect to the 182 days T-bills, a total of GHS 86 million bids were made with government once again accepting all bids made for the short-term debt.

The interest rate on the 91 day T-bills was 12.4 per cent with that of the 182 days being 12.9 per cent.

Read: GRA to begin collection of property rate tax

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Government on the previous week – January 28 – accepted total bids of GHS 1,218 million for its 91, 182 and 364 days T-bills out of a total amount of Ghs 1,221 million tendered.

In the next issuance, government will be seeking to raise some GHS 1,407 million in debt from the issuance of its 91, 182 and 364 days T-bills.

Find below the BoG’s auction results for Tender 1784 held on February 4:

Auctresults-1784 by Fuaad Dodoo on Scribd

Source: norvanreports
Tags: Bank of Ghana (BoG)ghanaGov't exceeds target for 91 and 182 days T-bills by GHS 370 million
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