The government failed to meet its treasury bills target for the sixth consecutive week as investors seek high-yielding financial instruments such as the Bank of Ghana bills.

According to the auction results by the Bank of Ghana, the government missed the target by 11.56%.

The Treasury got GH¢2.967 billion as against a target of GH¢3.356 billion.

All the bids tendered were accepted by the government.

The majority of the bids once again came from the 91-day bill, with investors offering GH¢2.028 billion. This represented 68.37 of the total bids.  

For the 182-day bill, investors tendered in only GH¢622.79 million.

A little over GH¢316 million of the bids came from the 364-day bill.

Meanwhile, interest rates continued to decline on the yield curve.

The yield on the 91-day bill went down by 14.0 basis points to 14.56%.

That of the 82-day bill also declined to 15.01% from the previous week’s 15.25%.

The yield on the 364-day bill also tumbled by 58 basis points to 15.16%.

		(
91 Day Bill	2.028bn	2.028bn
182 Day Bill	622.79m	622.79
364 Day Bill	316.27m	316.27m
	2.967bn	2.967bn
	3.356bn

The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.

DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.