T-Bills: Government to borrow GH¢4.363 billion in its upcoming auction

The government has set its next treasury bill auction at GH¢4.363 billion. The auction will be on August 2, 2024, and issued on August 6, 2024.

In its latest treasury bill auction, the government secured GH¢4.062 billion missing its target of GH¢4.779 billion.

The auction on July 24, issued on July 15, 2024, secured GH¢2.404 for the 91-day bill.

The government accepted GH¢1.1179 billion for the 182-day bill and GH¢477.58 billion for the 365-day bill.

Last week, the government sold a total amount of GH¢4.779 billion. Interest rates stood at 24.78% for the 91-day bill, 26.74% for the 182-day bill, and 27.85% for the 365-day bill.

According to the Bank of Ghana results, all bids tendered in this week’s auction were accepted.

SSD/NOQ

Watch the latest edition of BizTech 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