Treasury bill interest rates continue upward trend, currently at 32.8%

The rates have been increasing for the greater part of the year.

Despite the high rates, the government has witnessed oversubscriptions in recent times except this week when it saw a slight undersubscription.

Interest rates are currently between 28.79% and 32.82%.

The government secured GH¢2.49 billion from its latest treasury bill auction held on September 29, 2023.

The results showed that the bills were undersubscribed marginally by GH¢70.12 million away from the set target of GH¢2.570 billion.

According to the results from the Bank of Ghana, all bids tendered in this week’s auction were accepted.

The target was however undersubscribed.

The 91-day bill saw a total subscription of GH¢1.88 billion, GH¢484.17 billion was accepted from the 182-day bill and GH¢131.16 million was accepted from the 364-day bills.

The government has set its next auction target at GH¢2.109 billion.