Treasury Bills: Government exceeds target with GH¢5.8 billion raised, interest rates at 29%

The government of Ghana secured GH¢5.824 billion in its latest treasury bill auction, exceeding its target of GH¢5.623 billion by GH¢201 million.

The auction on November 8, 2024, saw an exponentially high demand for the 91-day bills securing bids amounting to GH¢5.10 billion.

The 182-day bill and the 364-day bill secured bids worth GH¢560.07 million and GH¢157.98 million respectively.

Interest rates for the 91-day bills stand at 26.8%, while interest rates for the 182-day bill and 364-day bills are at 27.6% and 29.1% respectively.

This will be the fifth consecutive week that the government has exceeded its auction targets.

The government plans to raise GH¢6.228 billion in its auction next week.

SSD/MA

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