Finance

Government to borrow GH¢8.068 billion in its treasury bills auction on February 14

The government plans to borrow GH¢8.068 billion in its treasury bill auction on February 14, 2025.

Last week, the government recorded an oversubscription in its treasury bill auction but rejected excess bids worth GH¢2.9 billion. It had set a target of GH¢7.258 billion but received over GH¢10.55 billion in bids.

However, it accepted only GH¢7.650 billion from the 91-day and 182-day bills.

The February 7, 2025, auction saw strong demand for the 91-day bill, with GH¢6.139.35 billion in bids tendered, of which GH¢3.877.25 billion was accepted.

For the 182-day bill, GH¢4.419 billion in bids were tendered, but only GH¢3.773.48 billion was accepted. There were no bids for the 365-day bill.

Interest rates for the bills dropped marginally in the auction issued on February 10, 2025. Currently, the rate stands at 27.98% for the 91-day bill and 28.68% for the 182-day bill.

The government’s rejection of excess bids signals either a move to borrow cautiously or an effort to avoid the current high-interest rates.

Although interest rates are currently higher than the inflation rate, they will increase the government’s cost when the bills mature.

The recent oversubscription also indicates strong investor confidence in short-term instruments.

Treasury bills remain the government’s primary source of borrowing until it regains access to the international capital market.

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. 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.

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