T-bills: Government to borrow GH¢6.353 billion this week

The government aims to borrow GH¢6.353 billion in the upcoming auction this week.

Following the inauguration of Ghana's President, John Dramani Mahama, the government recorded a significant oversubscription in its treasury bills auction on January 10, 2025.

The auction received total bids amounting to GH¢8.075 billion, exceeding the target of GH¢5.198 billion by GH¢2.877 billion.

According to results released on January 13, 2025, the government secured GH¢5.514 billion for the 91-day bill, accepted GH¢1.417 billion for the 182-day bill, and GH¢1.145 billion for the 365-day bill.

All bids in this week's auction were accepted.

The interest rates for the latest auction were set at 28.33% for the 91-day bill, 28.96% for the 182-day bill, and 30.17% for the 365-day bill.

Treasury bills have become the government’s primary source of borrowing due to its lack of access to the international capital market.

SSD/MA

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