By Jibril Abdul Mumuni
Accra, Feb. 23, GNA – The Government has exceeded its target in the latest Treasury Bills auction, raising approximately GHS11.4 billion against a target of GHS9.32 billion.
The Bank of Ghana’s auction results for Tender 1995, held on Friday, February 20, showed strong investor demand across all three maturities 91-day, 182- day, and 364-day bills.
Total bids tendered amounted to GHS 25.2 billion, of which the Government accepted GHS11.41 billion.
For the 91-day bill, investors submitted bids totalling GH¢8.61 billion, with GH¢3.19 billion accepted.
The 182-day bill recorded bids of GH¢7.22 billion, out of which GH¢2.45 billion were taken up.
The 364-day bill saw the largest appetite, attracting GH¢9.38 billion in bids, with GH¢5.78 billion accepted.
The weighted average interest rates were reported as 6.45 per cent for the 91-day, 8.18 per cent for the 182-day, and 10.21 per cent for the 364-day bills.
The Government has set a target of GH¢5.81 billion for the next auction, Tender 1996, covering the same maturities.
GNA
Edited by Agnes Boye-Doe