This week, the Ghanaian government fell short of its money market auction target by GH₵755 million, securing GH₵4.89 billion out of a targeted GH₵5.60 billion. This shortfall, amounting to about 13.47%, reflects ongoing challenges in liquidity conditions.
The Central Bank’s latest auction results show that the government accepted all bids for the 91-day, 182-day, and 364-day treasury bills. Specifically, GH₵3.9 billion in 91-day bills, GH₵748 million in 182-day bills, and GH₵197 million in 364-day bills were all accepted.
Yields for treasury bills increased slightly, with the 91-day bill yield rising to 24.90%, the 182-day bill holding at 26.78%, and the 364-day bill increasing marginally to 27.91%. Market analysts attribute these changes to the high auction target, with the Treasury planning to raise its borrowing target to GH₵5.4 billion in the upcoming auction.