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Gov't Returns to Missing T-Bill Auction Targets; Hit by GHS 1.48 Billion T-Bill Undersubscription
Government has returned to missing auction targets set for its short-term debt instruments - 91, 182, and 364-day treasury bills.
The Treasury in the latest auction raised GHS 4.39 billion, falling short of the GHS 5.88 billion target by GHS 1.48 billion.
This is the first recorded undersubscription of the debt instruments following its oversubscription last week by some GHS 128 million. The Government successfully raised GHS 5.52 billion surpassing its GHS 5.4 billion target.