T-Bills: Government to borrow GH¢6.557 billion in its latest auction

The government is set to borrow GH¢6.557 billion from its latest treasury bill auction on August 9, 2024.

This is expected from the 91-day, 182-day and 365-day bills.

In last week’s treasury bill auction, the government secured GH¢3.803 billion, missing its target of GH¢4.363 billion.

The auction on August 2 and the issue on August 5 secured GH¢2.389 for the 91-day bill. The government accepted GH¢1.170 billion for the 182-day bill and GH¢243.04 billion for the 365-day bill.

Last week, the government sold a total of GH¢4.062 billion. Interest rates stood at 24.82% for the 91-day bill, 26.76% 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/OGB

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