The government has once again failed to meet its Treasury bill target, raising GH¢2.95 billion against a planned GH¢4.55 billion, marking the fourth consecutive shortfall in the weekly auctions.

According to data released by the Bank of Ghana, the Treasury fell short by approximately 24%, signaling declining investor confidence and tighter liquidity conditions in the money market.

Total bids submitted amounted to GH¢3.38 billion, but the government accepted GH¢2.95 billion.

The 91-day Treasury bill attracted the strongest investor interest, with bids totaling GH¢2.42 billion, representing 71.55% of all offers. The government accepted GH¢2.19 billion from these bids.

The 182-day bill saw bids of GH¢603 million, with GH¢113 million rejected. Meanwhile, the 364-day bill recorded the least activity, with GH¢157 million in bids received, of which GH¢79 million were turned down.

On the interest rate front, yields saw slight adjustments. The 91-day rate declined by one basis point to 14.69%, the 182-day bill remained unchanged at 15.25%, and the 364-day yield dropped by five basis points to 15.69%.

The persistent shortfall underscores the challenges the government faces in mobilizing short-term domestic financing amid evolving market dynamics.