Business
Govt misses T-bills target marginally by 3.6%
The government’s treasury bills target of GHS 2.262 billion fell short of about 3.6 percent.
The Bank of Ghana results show that the government secured GHS 2.179 billion as against a target of GHS 2.261 billion.
This 3.6 percent decrease in target does not directly impact strong investor demand as interest rates continued to surge on the money market.
The 91-day bill received majority of the bids.
The 91-day bill was tendered for a total of 1.384.78 billion with all bids tendered also accepted.
The 182 – day bill also tendered GHS 649.39 million and same accepted.
The 364-day bill tendered GHS 145.02 million and same accepted.
| SECURITIES | BIDS TENDERED (GH¢) | BIDS ACCEPTED |
| 91-day bill | 1.384 billion | 1.384 billion |
| 182-day bill | 649.39 million | 649.39 million |
| 364-day bill | 145.02 million | 145.02 million |
| Total | 2.179 billion | 2.179 billion |
| Target | 2.261 billion | 2.261 billion |
Source: Ghana Business
