Government secures GH¢4.12 billion in latest treasury bill auction

The government borrowed GH¢4.12 billion from treasury bills in its latest auction on December 8, 2023.

The short-term instrument saw a marginal oversubscription of GH¢208.46 million away from the government’s target of GH¢3.919 billion in its latest auction on December 4, 2023.

Interest rates on treasury bills have continued to increase but the government keeps getting oversubscriptions.

Interest rates for the 365-day bill currently stands at 33.45%.

According to the latest auction results from the Bank of Ghana, interest rates for the 91-day and 182-day bills have increased to 29.58% and 31.96% respectively.

According to the Bank of Ghana results, all bids tendered in this week’s auction were not accepted.

The 91-day bill saw a total subscription of GH¢2.53 billion, GH¢1.11 billion was accepted from the 182-day bill and GH¢481.75 million was accepted from the 364-day bills.

The government has set its next auction target at GH¢3.984 billion.

SSD/NOQ

Watch the latest edition of BizHeadlines below:



Ghana’s leading digital news platform, GhanaWeb, in conjunction with the Korle-Bu Teaching Hospital, is embarking on an aggressive campaign which is geared towards ensuring that parliament passes comprehensive legislation to guide organ harvesting, organ donation, and organ transplantation in the country.

Click here to follow the GhanaWeb Business WhatsApp channel