Finance

Government misses treasury bills target by over GH¢200 million

Ogyem SolomonJuly 16, 2024

Less than a minute

In its latest treasury bill auction, the government secured GH¢4.488 billion missing its target of GH¢4.721 billion.

The auction on July 12, issued on July 15 secured GH¢3.540 for the 91-day bill.

The government accepted GH¢782 billion for the 182-day bill and GH¢165.36 billion for the 365-day bill.

Last week, the government sold a total amount of GH¢3.344.64 billion.

Interest rates stood at 24.78% for the 91-day bill, 26.74% for the 182-day bill, and 27.78% for the 365-day bill.

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

The government has set its next auction target at GH¢5.310 billion.

Source: www.ghanaweb.com

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Ogyem SolomonJuly 16, 2024

Less than a minute

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.