Government raises GH¢7.39 billion from treasury bills

The Government of Ghana raised GH¢7.392 billion from the latest treasury bill auction, exceeding its borrowing target for the week.

Results released by the Bank of Ghana showed that the government accepted GH¢1.80 billion in 91-day bills, GH¢1.06 billion in 182-day bills, and GH¢4.53 billion in 364-day bills.

This brings the total amount raised to about GH¢7.392 billion.

The amount was higher than the government’s target of GH¢5.67 billion for the auction.

Investor demand was strong, with bids worth more than GH¢10 billion submitted for the three treasury bill instruments.

The 364-day bill attracted the largest share of investments, accounting for more than half of the total amount raised.