Ghana's government missed its treasury bill target for four consecutive weeks, falling GHS559.19mn short.

Ghana's government missed its treasury bill target for a fourth consecutive week, falling GHS559.19mn short with a total bid of GHS3.80bn and a target of GHS4.36bn. The shortfall resulted from constrained liquidity in the money market, high auction targets, and reduced liquidity levels post-Cash Reserve Ratio directive. Most bids were for the 91-day treasury bill. Market analysts suggest investors explore diversification options beyond treasury bills.