The government fell 16.81% short of its treasury bill target.

Compiled By: Prince Henry Danquah, Bora Capital Advisors Ltd.

The government missed its treasury bills target by 16.81%.

According to the auction results by the Bank of Ghana, the government secured GH¢5.180 billion as against a target of GH¢6.228 billion.

This auction is coming after a private legal practitioner filed an application at the Supreme Court to stop the government from issuing T-bills.

The results showed that all the bids were accepted.

The majority of the bids came from the 91-day bill where GH¢3.942 billion, representing 76.1% of the total bids were tendered.

About GH¢653.43 million were however tendered for the 182-day bill. Similarly, the 364-day bill saw an offer of a little over GH¢584 million.

Source: newsthemegh.com