T-Bills: Government misses out on target as interest rates reach 29.82%

The government of Ghana secured GH¢6.413 billion in its latest auction, falling short of its target of GH¢6.896 billion by GH¢482.96 million.

On November 22, 2024, the auction saw high demand for the 91-day bills, securing bids amounting to GH¢3.942 billion, followed by the 364-day bills securing GH¢1.324.72 billion.

The 182-day bills secured bids worth GH¢843.99 million.

Interest rates for the 91-day bills stand at 27.19%, while interest rates for the 182-day and 364-day bills are at 27.98% and 29.82%, respectively.

This will be the second consecutive time the government has recorded an undersubscription this month.

Meanwhile, the government plans to raise GH¢6.098 billion in its next auction.

SSD/MA

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