The government once again fell short of its target in Bank of Ghana’s auction results

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

Based on the Bank of Ghana’s auction results, the government failed to meet its target yet again.

The government received GH¢4.95 billion of the total bids, but accepted GH¢4.84 billion of the bids.

A little over 81% of the bids came from the 91-day bill. About GH¢3.94 billion of the bids were tendered.

The uptake was GH¢3.83 billion. For the 182-day bill, GH¢749.25 million of the bids were tendered.

The bids accepted were estimated to the tune of GH¢744.25 million.

Also, GH¢266.83 million of the bids were tendered for the 364-day bill. About GH¢263.83 million of the bids were accepted.

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

Source: newsthemegh.com