The government seeks to borrow GH¢6.491 billion in this week’s treasury bills auction.
It recorded an undersubscription in last week’s auction.
This was the first time in three weeks that the government had recorded a shortfall after it set an ambitious target of GH¢6.413 billion.
The government recorded GH¢3.835.93 billion in the auction on November 29, 2024.
Per the results issued on December 2, 2024, GH¢2.949.98 billion for the 91-day bill.
However, the government accepted GH¢669.37 million for the 182-day bill and GH¢216.58 million for the 365-day bill.
Interest rates were set at 27.36% for the 91-day bill, 28.09% for the 182-day bill, and 29.87% for the 365-day bill.
Treasury bills have become the government’s primary source of borrowing since it no longer has access to the international capital market.
Source: www.ghanaweb.com
