Government fell short of its target in the latest Treasury bills auction, missing the mark by about GH¢139 million as investor demand weakened.

Out of total bids received, only GH¢7.9 billion was accepted, representing an undersubscription of roughly 7.45%.

The 91-day bill remained the most attractive to investors, with bids worth GH¢6.15 billion, of which GH¢5.88 billion was accepted.

The interest rate on this tenor eased slightly, dropping by 11 basis points to 24.71%.

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For the 182-day bill, investors tendered GH¢2.06 billion, but government accepted GH¢1.63 billion. The interest rate also declined, falling by 6.28 basis points.

Meanwhile, the 364-day bill recorded bids of GH¢480.46 million, reflecting relatively softer demand compared to shorter maturities.

Government has set a target of GH¢5 billion for its next auction, hoping to attract stronger investor participation.

SA

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