Government exceeded its target of raising some GHS 1,682 million in the issuance of the 91 and 182 days treasury bills on the fixed income market.
At last week’s auction, government in auctioning the short term debt instruments managed to secure GHS 2,226 million raising an additional GHS 544 million to its programmed auction target of GHS 1,682 million.
Accepted bids were below tendered bids as GHS 1,410 million was raised in 91-day bills and GHS 815 million in the 364 day bills.
Yields marginally moved up, reflecting current Inflationary pressures to settle at 29.48% and 31.05% for the 91-day bills and 182-day bills respectively.
| RESULTS OF LAST WEEK’S TREASURY BILL AUCTION | |||
| GOG Treasuries | Current | Previous | Change |
| 91-Day T-Bills | 29.48% | 29.05% | 0.43% |
| 182-Day T-Bills | 31.05% | 30.23% | 0.82% |
Government’s target for the next auction (Tender #1816) is GHS 1,717 million in 91- day bills,182-day bills and 364-day bills.