The government fell short of its treasury bills target by GH¢1.44 billion for the second consecutive week.

As per the auction results from the Bank of Ghana, the government accepted all the bids for short-term instruments.

It raised GH¢3.86 billion from selling these financial instruments.

The shortfall could be attributed to efforts to maintain lower interest rates. GH¢2.904 billion was obtained for the 91-day bills.

The 182-day bills brought in approximately GH¢698.50 million. The 364-day bill gathered GH¢261.30 million.

Meanwhile, interest rates stayed stable across the yield curve. The yield on the 91-day bill remained at 24.78%.

For the 182-day bill, the yield was 26.71%, slightly down from the previous week’s 26.74%. The one-year bill had a yield of 27.80%, marginally up from the prior 27.78%.

It appears that the government might miss its 17.4 billion treasury target for this month.

SECURITIESBIDS TENDERED (GH¢)BIDS ACCEPTED (GH¢)91 Day Bill2.904 billionGH¢ 2.904 billion182 Day Bill698.50 million698.50 million364 Day Bill261.30 million261.30 millionTotal3.863 billionTarget5.310 billion