At last week’s auction, the Government exceeded its target by GH¢1,946.90 million as investors’ demand for treasury bills increased.
A total of GH¢3,671.28 million bids were accepted with the majority of the bids coming from the 91-Day Bills.
GH¢2,393.02 million, GH¢691.43 million, and GH¢586.83 million were raised in 91-Day, 182-Day, and 364-Day bills respectively compared to GH¢1,422.18 million in 91-Day bills, GH¢921.21 million in 182-Day bills and GH¢62.12 million in 364-Day bills at the previous week’s auction.
BREAKDOWN OF TOTAL AMOUNT RAISED THIS WEEK
| Treasuries | Bids Tendered (GH¢ MN) | Bids Accepted (GH¢ MN) |
| 91-Day T-Bill | 2,404.53 | 2,393.02 |
| 182-Day T-Bill | 779.31 | 691.43 |
| 364-Day T-Bill | 747.06 | 586.83 |
| TOTAL | 3,930.90 | 3,671.28 |
Interest rates for the money market instruments continued to decline settling at 34.93%, 36.03%,and 36.10%for the 91-Day,182-Day, and 364-Day bills respectively.
RESULTS OF LAST WEEK’S TREASURY BILL AUCTION
| GOG Treasuries | Current | Previous | Change |
| 91-Day T-Bills | 34.93% | 35.57% | -0.64% |
| 182-Day T-Bills | 36.03% | 36.53% | -0.50% |
| 364-Day T-Bills | 36.10% | 36.19% | -0.08% |
The target for the next auction (Tender #1830) is GH¢1,438.00 million in91-Day and182-Day Bills.