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Gov’t On ‘Losing Streak’ As It Misses T-Bills Auction Target For Four Consecutive Weeks
The recent shortfall in the government's Treasury Bill auction, where GHS 5.29 billion was raised against a target of GHS 6.55 billion, marks a concerning trend of undersubscription.
This would be the fourth consecutive week the Government has missed its Treasury Bill auction target.
Despite offering yields that exceed the June inflation rate of 22.8%, the demand for these short-term instruments fell short, likely due to the liquidity squeeze faced by primary dealers, especially commercial banks.