The rates have been increasing for the greater part of the year.
Despite the high rates, the government has witnessed oversubscriptions in recent times except this week when it saw a slight undersubscription.
Interest rates are currently between 28.79% and 32.82%.
The government secured GH¢2.49 billion from its latest treasury bill auction held on September 29, 2023.
The results showed that the bills were undersubscribed marginally by GH¢70.12 million away from the set target of GH¢2.570 billion.
According to the results from the Bank of Ghana, all bids tendered in this week’s auction were accepted.
The target was however undersubscribed.
The 91-day bill saw a total subscription of GH¢1.88 billion, GH¢484.17 billion was accepted from the 182-day bill and GH¢131.16 million was accepted from the 364-day bills.
The government has set its next auction target at GH¢2.109 billion.
Source: www.ghanaweb.com
