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