The government is set to borrow GH¢6.557 billion from its latest treasury bill auction on August 9, 2024.
This is expected from the 91-day, 182-day and 365-day bills.
In last week’s treasury bill auction, the government secured GH¢3.803 billion, missing its target of GH¢4.363 billion.
The auction on August 2 and the issue on August 5 secured GH¢2.389 for the 91-day bill. The government accepted GH¢1.170 billion for the 182-day bill and GH¢243.04 billion for the 365-day bill.
Last week, the government sold a total of GH¢4.062 billion. Interest rates stood at 24.82% for the 91-day bill, 26.76% for the 182-day bill, and 27.85% for the 365-day bill.
According to the Bank of Ghana results, all bids tendered in this week’s auction were accepted.
Source: www.ghanaweb.com
