The government exceeds its target for Treasury Bills by approximately 75%.

Date:

The government exceeded its Treasury Bills (T-Bills) target by approximately 75%, raising GHS4.2 billion in the most recent treasury auction.

The auction results showed that the government received an additional GHS800,000, despite the fact that it had hoped to raise GHS2.4 billion to refinance treasury bill maturities.

The majority of bids came from 91-day T-bills, which received slightly more than GHS1.991 billion. However, only GHS1.434 billion of the bids were accepted, representing a 19% interest rate.

Investors offered GHS1.161 billion for the 182 data, with the government accepting GHS925 million.

The yield on the 182-day bill was approximately 22%.

Last week, the government rejected all bids from investors for the sale of Treasury bills from investors who were demanding high-interest rates of about 35 percent.

The 35 percent plus interest rate from largely banks, according to the government was too expensive.

Share post:

Subscribe

Popular

Finding solutions to everyday problems

Ghanaian developer’s free Gesture app lets users control a...

Courts resume normal sittings on Tuesday, November 10

The Office of the Judicial Secretary has directed all courts across the country to resume normal sittings on Tuesday, November 10, 2026, following the suspension of the industrial action by judicial service staff.

2026 set to be hottest year on record as COP31 opens in Turkey

Scientists say the world is on track for its hottest year ever recorded, as climate change and a strong El Niño push global temperatures higher.

Finance Ministry to reject funding requests for unappraised public projects

The Ministry of Finance will reject funding authorisation requests for public capital projects that have not undergone mandatory appraisal and inclusion in approved investment plans.

More like this
Related