Finance

Treasury Bills: Government exceeds target with GH¢5.8 billion raised, interest rates at 29%

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

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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