T bill auctions continue to underperform
Emmanuel Bruce Business News
Government is still struggling to raise money on the treasury bill market, with auctions underperforming for the 7th consecutive week.
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The latest auction raised GH₵4.09 billion, significantly below the GH₵5.08 billion target, with a shortfall of GHS 994 million.
The 91-day Treasury Bill attracted GHS 2.53 billion in bids. The 182-day bill raised GH₵1.35 billion, while the 364-day bill saw bids totaling GHS 205 million.
Yields on the T-Bills experienced marginal adjustments, with the 91-day bill ticking up by 0.1% to 24.88%, and the 182-day bill also rising by 0.1% to 26.78%.
The 364-day bill yield also inched up by 0.1% to 27.91%.
In the upcoming week, the government aims to raise GH₵5.6 billion.