Entertainment Africa

Government to borrow GH¢6.001 billion in its treasury bills auction today

The government is seeking to borrow GH¢6.001 billion in its treasury bills auction on January 24, 2025.

For the third consecutive week, the government recorded a massive oversubscription in its treasury bills auction held on January 17, 2025.

The auction received total bids amounting to GH¢8.839 billion, exceeding the target of GH¢6.353 billion by GH¢2.486 billion.

According to results released on January 20, 2025 by the Bank of Ghana, the government secured GH¢5.688 billion for the 91-day bill, accepted GH¢1.318 billion for the 182-day bill, and GH¢1.883 billion for the 365-day bill.

However, not all bids in this week’s auction were accepted.

The interest rates for the latest auction were 28.41% for the 91-day bill, 28.97% for the 182-day bill, and 30.28% for the 365-day bill.

Treasury bills have become the government’s primary source of borrowing due to its lack of access to the international capital market.

The new government has assured that plans will be put in place to regain access to the international market and reduce its reliance on domestic borrowing.

Source: www.ghanaweb.com

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. In addition to his media ventures, Solomon serves as a Brand Ambassador for Alabuga, a prominent Russian industrial company, representing their interests and expansion across Africa. 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.

Related Articles

Back to top button