Finance

T-bills: Government meets target with slight oversubscription as interest rates soar to 29.25%

The government’s latest treasury bill auction recorded a marginal oversubscription of GH¢97.32 million as it surpassed its target of GH¢2.20 billion.

It recorded a total of GH¢2.29 billion from the 91-day, 182-day, and 364-day bills.

Interest rates have been increasing for the past few months after it dropped to 18%.

Currently, the interest rates range between 22.97% to 29.25%.

The rates for the 91-day bill increased from 21.69% to 22.97%, and for the 182-day bill, it increased from 24.97% to 25.44%.

For the 364-day bills, it increased from 28.91% to 29.25%.
According to the auction results from the Central Bank, the government secured GH¢1.86 billion from the 91-day bill, GH¢304.16 million from the 182-day bill, and GH¢112.60 million from the 364-day bill.

 

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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