Government last Friday at it’s auction of treasury bills missed its target by some GH¢66.41m, representing 1.355% of the GH¢4.9bn it had targeted for the auction.

The cost of borrowing for tender 1907 on the other hand has seen a marginal reduction as interest rates for the 91-day bill, dropped below the 25% mark for the first since July 2023, a potential response to the country’s inflation falling to an over two year low, 23.1%, according to the Ghana Statistical Service earlier in the week.

Government accepted all of the GH¢ 3.767bn, GH¢ 924.19m and GH¢ 142.07m bids tabled for the 91, 182 and 364-days bills respectively, cumulating into the acceptance of total bids of GH¢ 4.834bn.

Interest rates for all three security types recorded a fall, with the 91-day bills sold at an average of 24.8698%, lesser than the 25.0386% it sold for on the average a week prior.

The 182 and 364 days bill equally saw a drop in their rates from the 26.9397% and 27.9299% they sold on an average in Tender 1906 to 26.8296% and 27.8197%.

Meanwhile, government hopes to raise GH¢ 3.555bn from this weeks tender.