The government has exceeded its treasury bills for the first time in ten weeks after recording undersubscriptions for the past nine weeks.
The government recorded a total of GH¢5.529 billion in its latest auction surpassing its target of GH¢5.400 billion by GH¢129.67 million.
During the auction on September 13, 2024, and issuance on September 16, 2024, GH¢4.698 billion was secured for the 91-day bill.
However, the government accepted GH¢594.37 million for the 182-day bill and GH¢245.74 million for the 365-day bill.
Last week, the government sold a total of GH¢4,849.15 billion.
Interest rates were set at 24.91% for the 91-day bill, 26.80% for the 182-day bill, and 27.07% for the 365-day bill.
According to the Bank of Ghana’s results, all bids tendered in this week’s auction were accepted.
Meanwhile, the government has set a target of GH¢5.881 billion for its next auction.
SSD/MA
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