T-Bills: Government to borrow GH¢6.896 billion in latest auction on November 22

The government plans to raise GH¢6.896 billion in its latest treasury bill auction on November 22, 2024.

In its auction last week, the government of Ghana secured GH¢5.180 billion, falling short of its target of GH¢6.228 billion by GH¢1.04 billion.

The auction on November 15, 2024, saw high demand for the 91-day bills, securing bids amounting to GH¢3.942 billion.

The 182-day and 364-day bills secured bids worth GH¢653.43 million and GH¢584.16 million, respectively.

Interest rates for the 91-day bills stand at 26.96%, while interest rates for the 182-day and 364-day bills are at 27.78% and 29.21% respectively.

This was the first time in five weeks that the government had recorded an undersubscription.

SSD/MA

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