The government raised about GH¢1.54 billion less than its treasury bill target after accepting only part of the bids submitted by investors.

Bank of Ghana auction figures showed that investors offered GH¢5.17 billion against a target of GH¢5.02 billion. However, the Treasury accepted GH¢3.48 billion, leaving about GH¢1.69 billion in bids unaccepted.

This means investor offers exceeded the target, but the amount the government actually borrowed fell below its planned amount.

The 91-day bill attracted the highest demand, receiving bids worth GH¢2.94 billion. The Treasury accepted approximately GH¢2.20 billion.

How to achieve financial independence without relying on a salary

Investors submitted GH¢1.11 billion for the 182-day bill, of which the government accepted GH¢692.30 million.

The 364-day bill attracted approximately GH¢1.12 billion in bids, with GH¢587.61 million.

The yield on the 91-day bill increased slightly to 4.62%, while the rate on the 182-day bill rose to 6.31% from 6.27% the previous week.

Cost of borrowing drops as bank lending rates fall to 15.9% - BoG

However, the yield on the 364-day bill declined by four basis points to 9.71%.

The figures show that investors offered more than the government sought, although the Treasury accepted substantially less.


DR

Inside Ghana’s First 950,000-Barrel Sankofa Oil Shipment | Exclusive Tour