The government of Ghana secured GH¢5.824 billion in its latest treasury bill auction, exceeding its target of GH¢5.623 billion by GH¢201 million.
The auction on November 8, 2024, saw an exponentially high demand for the 91-day bills securing bids amounting to GH¢5.10 billion.
The 182-day bill and the 364-day bill secured bids worth GH¢560.07 million and GH¢157.98 million respectively.
Interest rates for the 91-day bills stand at 26.8%, while interest rates for the 182-day bill and 364-day bills are at 27.6% and 29.1% respectively.
This will be the fifth consecutive week that the government has exceeded its auction targets.
The government plans to raise GH¢6.228 billion in its auction next week.
Source: www.ghanaweb.com
