The Akufo Addo government missed its Treasury Bill target for the third week straight
According to the auctioning results, the government could not meet its target of GH¢1.135 billion for both the 91-day and 182-day Treasury bills.
A total of 1.003 billion was raised out of a targeted 1.135 billion, a target shortfall of 11%.
All the bids from investors, mostly commercial banks, were accepted.
However, the interest cost of the 91-day T-Bills fell slightly [-0.01%] though that of the 182-day bill went up [0.04%].
Amidst liquidity challenges, the government received GH¢785.92 million worth of bids for its one-year bill.
The interest cost was however 16.52%, higher than the 12.57% and 13.57% for the 3-months and 6-months bills respectively.