Interest rates on T-bills stand at 29.8%
The government plans to raise GH¢6.098 billion in this week’s treasury bill auction on November 29, 2024.
The government of Ghana secured GH¢6.413 billion in its latest auction, falling short of its target of GH¢6.896 billion by GH¢482.96 million.
On November 22, 2024, the auction saw high demand for the 91-day bills, securing bids amounting to GH¢3.942 billion, followed by the 364-day bills securing GH¢1.324.72 billion.
The 182-day bills secured bids worth GH¢843.99 million.
Interest rates for the 91-day bills stand at 27.19%, while interest rates for the 182-day and 364-day bills are at 27.98% and 29.82%, respectively.
This will be the second consecutive time the government has recorded an undersubscription this month.
SSD/MA
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