Treasury bills
The government has set a target of GH¢2.33 billion for its treasury bill auction this week.
The government expects to get this from the 91-day, 182-day, and 364-day bills.
According to the results of last week’s auction, the government missed its target slightly by GH¢82.26 million.
The government secured a total of GH¢2.178 billion from the auction.
The target for the auction was GH¢2.26 billion. Interest rates have not reduced in the past few months as the interest rate for the 364-day bill hits 30.4% for the 364-day bill.
Whereas from the 91-day and 182-day bills, interest rates have increased to 25.57% and 27.28% respectively.
The 91-day bill saw a total subscription of GH¢1.38 billion, GH¢649.39 million was accepted from the 182-day bill and GH¢144.62 million was accepted from the 364-day bills.
SSD/NOQ
Watch the latest edition of BizTech and Biz Headlines below:
- Here are Ghana's top 10 imports of 2023
- China emerges as leading source of imports for Ghana, with an import value of GH¢33.9 billion
- We deserve praise for constructing roads, bridges, drains – Roads Minister
- Supply only traditional, improved variety seeds not GMOs - Peasant farmers to government
- Road tolls must come back – Dr. Bawumia declares
- Read all related articles
