T-bills: Government’s target fell short by GH¢58.11m; interest rates surged

The government narrowly missed its treasury bills target by GH¢58.11 million, with demand for the short-term instruments remaining flat.

The Bank of Ghana’s results show that while all bids were accepted, the total raised was GH¢4.988 billion, just below the target of GH¢5.046 billion.

The majority of the bids came from the 91-day bill, which accounted for 73.73% of the total bids, totaling GH¢4.028 billion.

Interest rates continued to climb, with the 364-day bill yield rising to 29.95%, the 91-day bill increasing by 8.0 basis points to 27.85%, and the 182-day bill reaching 28.57%.