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For the fourth consecutive week, the government has fallen short of its treasury bills (T-bills) target, missing by GHS 559.19 million as liquidity remains tight on the money market.
Recent data from the Bank of Ghana reveals a reduced investor interest in T-bills during the latest auction, with bids totaling GH¢3.80 billion against a target of GH¢4.36 billion.
Also read: Tomatoes see significant price drop
Of the bids, approximately GH¢2.38 billion came from the 91-Day bill, representing 62.7% of the total bids, all of which were accepted by the government. The government also accepted bids worth GH¢1.17 billion for the 182-day bill and GH¢243.04 million for the 364-day bill.
The auction saw an overall under-subscription of about 12.82%, with interest rates
