Finance

Government misses out on treasury bills target again by GH¢993 million

Ogyem SolomonSeptember 3, 2024

1 minute read

For the eighth consecutive week, the government failed to meet its target for treasury bills by GH¢993.61 million.

In its latest auction, the government secured GH¢4.094 billion, falling short of its GH¢5.088 billion target.

During the auction on August 30, 2024, and issuance on September 2, 2024, GH¢2.532 billion was secured for the 91-day bill.

However, the government accepted GH¢1.357 million for the 182-day bill and GH¢205.23 million for the 365-day bill.

Last week, the government sold a total of GH¢5.230 billion.

Interest rates were set at 24.88% for the 91-day bill, 26.78% for the 182-day bill, and 27.91% for the 365-day bill.

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

Meanwhile, the government has set a target of GH¢5.604 billion for its next auction.

Source: www.ghanaweb.com

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Ogyem SolomonSeptember 3, 2024

1 minute read

Ogyem Solomon

Solomon Ogyem – Media Entrepreneur | Journalist | Brand Ambassador Solomon Ogyem is a dynamic Ghanaian journalist and media entrepreneur currently based in South Africa. With a solid foundation in journalism, Solomon is a graduate of the OTEC School of Journalism and Communication Studies in Ghana and Oxbridge Academy in South Africa. He began his career as a reporter at OTEC 102.9 MHz in Kumasi, where he honed his skills in news reporting, community storytelling, and radio broadcasting. His passion for storytelling and dedication to the media industry led him to establish Press MltiMedia Company in South Africa—a growing platform committed to authentic African narratives and multimedia journalism. Solomon is the founder and owner of Thepressradio.com, a news portal focused on delivering credible, timely, and engaging stories across Ghana and Africa. He also owns Press Global Tickets, a service-driven venture in the travel and logistics space, providing reliable ticketing services. He previously owned two notable websites—Ghanaweb.mobi and ShowbizAfrica.net—both of which contributed to entertainment and socio-political discussions within Ghana’s digital space. With a diverse background in media, digital journalism, and business, Solomon Ogyem is dedicated to telling impactful African stories, empowering youth through media, and building cross-continental media partnerships.