Despite receiving the first installment of the $3 billion IMF bailout package on May 19, 2023, the government did not meet its target for Treasury bills sales.
The expected boost in investor confidence did not materialize. The Bank of Ghana’s auction results showed that the government raised GH¢2.72 billion from selling the short-term securities, slightly below the GH¢2.73 billion target.
Most of the bids came from the 91-day T-bill, which received a little over GH¢2.01 billion. All the bids were accepted. The 182-day bill also attracted about GH¢712 million from the investors, and all the bids were accepted.