92
Compiled By: Prince Henry Danquah, Bora Capital Advisors Ltd.
Government missed its treasury bills target again as liquidity remained tight on the money market.
According to the auction results from the Bank of Ghana, the government T-bills auction was undersubscribed by 38.55%
The government was seeking to raise GH¢ 5.980 billion but got GH¢ 3.67 billion. All the bids tendered were accepted.
The majority of the bids came from the 91-day T-bill. This was about GH¢2.9 billion, representing 79.23% of the total bids.
A little over GH¢572 million came from the 182-day bill, while GH¢189.95 million were tendered for the 364-day bill.
Meanwhile, interest rates fell on the money market.
Source: newsthemegh.com