Dollar Background
The Government of Ghana will raise GH¢1.28 billion to refinance Treasury bill maturities worth GH¢1.07 billion in the upcoming T-bill auction on Friday January 28, 2022. This is coming after the government missed its treasury bills target by 20%, as a result of the uncertainty over the Domestic Debt Exchange (DDE)programme which has been resolved to some extent due to the agreement between the banks and the government.
The government will mobilize the funds from the issuance of the 91-day, 182-day and 364-day T-bills. Last week, the government saw an under-subscription in the T-bill auction as investor demand dropped. The Treasury accepted all the bills to the tune of GH¢1.93 billion bids tendered.
Source: Boris Advisors