This marks the first time this month that the government has met its target.

The auction received a total of GH¢8.20 billion in bids on December 13, 2024.

According to results released on December 16, 2024, GH¢6.740 billion was allocated to the 91-day bill. The government accepted GH¢951.67 million for the 182-day bill and GH¢508.15 million for the 365-day bill.

In comparison, the government raised a total of GH¢5.199 billion in the previous week’s auction.

Interest rates for the latest auction were set at 27.77% for the 91-day bill, 28.49% for the 182-day bill, and 29.94% for the 365-day bill.

Treasury bills have become the government’s primary source of borrowing due to its lack of access to the international capital market.

Meanwhile, the government aims to borrow GH¢5.463 billion in this week’s upcoming auction.

SSD/MA

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