{"id":129681,"date":"2023-12-11T11:20:33","date_gmt":"2023-12-11T11:20:33","guid":{"rendered":"https:\/\/www.ghanamma.com\/2023\/12\/11\/government-to-borrow-94-4bn-via-t-bills-in-2024\/"},"modified":"2023-12-11T11:20:33","modified_gmt":"2023-12-11T11:20:33","slug":"government-to-borrow-94-4bn-via-t-bills-in-2024","status":"publish","type":"post","link":"https:\/\/www.ghanamma.com\/2023\/12\/11\/government-to-borrow-94-4bn-via-t-bills-in-2024\/","title":{"rendered":"Government to borrow 94.4bn via T-bills in 2024 \u2013"},"content":{"rendered":"<p><\/p>\n<div>\n<p>Government will borrow \u00a294.4 billion via treasury bills in 2024 to finance its expenditure.<\/p>\n<p>This includes \u00a231.8 billion buffer for auction shortfalls.<\/p>\n<p>Analysts believe the government will continue the excess uptakes to build the target buffer. \u00a0<\/p>\n<p>Given the lower inflation and interest rates outlook, the locking-in of the 364-day yield offers a better inflation-adjusted return over the holding period.\u00a0<\/p>\n<p>In November 2023, the government accepted \u00a215.3 billion, surpassing the rollover obligation by 45.4% and the offer target by 26.5%.<\/p>\n<p>However, investors submitted total bids worth \u00a215.6 billion (+14.9% month-on-month), exceeding the T-bill offer target by 29.0%.<\/p>\n<p>Importantly, money market liquidity strengthened in November 2023, raising investors\u2019 and banks\u2019 demand for weekly Bank of Ghana bills and T bills amidst emerging downward pressure on yields.<\/p>\n<p>In December 2023, the government will face an upcoming refinancing obligation of \u00a212.8bn (+21.7% month-on-month). \u00a0<\/p>\n<p><strong>Source<\/strong>:\u00a0<a>Joy Business<\/p>\n<p><!-- AI CONTENT END 1 --><\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Government will borrow \u00a294.4 billion via treasury bills in 2024 to finance its expenditure. This includes \u00a231.8 billion buffer for auction shortfalls. Analysts believe the government will continue the excess uptakes to build the target buffer. \u00a0 Given the lower inflation and interest rates outlook, the locking-in of the 364-day yield offers a better inflation-adjusted [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":128040,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[19],"tags":[],"class_list":["post-129681","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.2 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Government to borrow 94.4bn via T-bills in 2024 \u2013 - Ghanamma.com<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.ghanamma.com\/2023\/12\/11\/government-to-borrow-94-4bn-via-t-bills-in-2024\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Government to borrow 94.4bn via T-bills in 2024 \u2013 - Ghanamma.com\" \/>\n<meta property=\"og:description\" content=\"Government will borrow \u00a294.4 billion via treasury bills in 2024 to finance its expenditure. This includes \u00a231.8 billion buffer for auction shortfalls. Analysts believe the government will continue the excess uptakes to build the target buffer. \u00a0 Given the lower inflation and interest rates outlook, the locking-in of the 364-day yield offers a better inflation-adjusted [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.ghanamma.com\/2023\/12\/11\/government-to-borrow-94-4bn-via-t-bills-in-2024\/\" \/>\n<meta property=\"og:site_name\" content=\"Ghanamma.com\" \/>\n<meta property=\"article:published_time\" content=\"2023-12-11T11:20:33+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.ghanamma.com\/2023\/wp-content\/uploads\/2023\/12\/image-220.png\" \/>\n\t<meta property=\"og:image:width\" content=\"300\" \/>\n\t<meta property=\"og:image:height\" content=\"200\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Ghana News\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Ghana News\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.ghanamma.com\/2023\/12\/11\/government-to-borrow-94-4bn-via-t-bills-in-2024\/\",\"url\":\"https:\/\/www.ghanamma.com\/2023\/12\/11\/government-to-borrow-94-4bn-via-t-bills-in-2024\/\",\"name\":\"Government to borrow 94.4bn via T-bills in 2024 \u2013 - Ghanamma.com\",\"isPartOf\":{\"@id\":\"https:\/\/www.ghanamma.com\/2023\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.ghanamma.com\/2023\/12\/11\/government-to-borrow-94-4bn-via-t-bills-in-2024\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.ghanamma.com\/2023\/12\/11\/government-to-borrow-94-4bn-via-t-bills-in-2024\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.ghanamma.com\/2023\/wp-content\/uploads\/2023\/12\/image-220.png\",\"datePublished\":\"2023-12-11T11:20:33+00:00\",\"dateModified\":\"2023-12-11T11:20:33+00:00\",\"author\":{\"@id\":\"https:\/\/www.ghanamma.com\/2023\/#\/schema\/person\/6f91dab2e50bbbfe895c93e7e84e7f74\"},\"breadcrumb\":{\"@id\":\"https:\/\/www.ghanamma.com\/2023\/12\/11\/government-to-borrow-94-4bn-via-t-bills-in-2024\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.ghanamma.com\/2023\/12\/11\/government-to-borrow-94-4bn-via-t-bills-in-2024\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.ghanamma.com\/2023\/12\/11\/government-to-borrow-94-4bn-via-t-bills-in-2024\/#primaryimage\",\"url\":\"https:\/\/www.ghanamma.com\/2023\/wp-content\/uploads\/2023\/12\/image-220.png\",\"contentUrl\":\"https:\/\/www.ghanamma.com\/2023\/wp-content\/uploads\/2023\/12\/image-220.png\",\"width\":300,\"height\":200},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.ghanamma.com\/2023\/12\/11\/government-to-borrow-94-4bn-via-t-bills-in-2024\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.ghanamma.com\/2023\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Government to borrow 94.4bn via T-bills in 2024 \u2013\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.ghanamma.com\/2023\/#website\",\"url\":\"https:\/\/www.ghanamma.com\/2023\/\",\"name\":\"Ghanamma.com\",\"description\":\"Ghana mma provides breaking news, top stories in Ghana, Africa, business, entertainment, politics and more.\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.ghanamma.com\/2023\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.ghanamma.com\/2023\/#\/schema\/person\/6f91dab2e50bbbfe895c93e7e84e7f74\",\"name\":\"Ghana News\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.ghanamma.com\/2023\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/22cb97c2b08df229330efb2b8c2645feaae8d3ca3ee434035fbb668b5b82f570?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/22cb97c2b08df229330efb2b8c2645feaae8d3ca3ee434035fbb668b5b82f570?s=96&d=mm&r=g\",\"caption\":\"Ghana News\"},\"sameAs\":[\"https:\/\/www.ghanamma.com\/2023\"],\"url\":\"https:\/\/www.ghanamma.com\/2023\/author\/ghanamma\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Government to borrow 94.4bn via T-bills in 2024 \u2013 - Ghanamma.com","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.ghanamma.com\/2023\/12\/11\/government-to-borrow-94-4bn-via-t-bills-in-2024\/","og_locale":"en_US","og_type":"article","og_title":"Government to borrow 94.4bn via T-bills in 2024 \u2013 - Ghanamma.com","og_description":"Government will borrow \u00a294.4 billion via treasury bills in 2024 to finance its expenditure. This includes \u00a231.8 billion buffer for auction shortfalls. Analysts believe the government will continue the excess uptakes to build the target buffer. \u00a0 Given the lower inflation and interest rates outlook, the locking-in of the 364-day yield offers a better inflation-adjusted [&hellip;]","og_url":"https:\/\/www.ghanamma.com\/2023\/12\/11\/government-to-borrow-94-4bn-via-t-bills-in-2024\/","og_site_name":"Ghanamma.com","article_published_time":"2023-12-11T11:20:33+00:00","og_image":[{"width":300,"height":200,"url":"https:\/\/www.ghanamma.com\/2023\/wp-content\/uploads\/2023\/12\/image-220.png","type":"image\/png"}],"author":"Ghana News","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Ghana News","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.ghanamma.com\/2023\/12\/11\/government-to-borrow-94-4bn-via-t-bills-in-2024\/","url":"https:\/\/www.ghanamma.com\/2023\/12\/11\/government-to-borrow-94-4bn-via-t-bills-in-2024\/","name":"Government to borrow 94.4bn via T-bills in 2024 \u2013 - Ghanamma.com","isPartOf":{"@id":"https:\/\/www.ghanamma.com\/2023\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.ghanamma.com\/2023\/12\/11\/government-to-borrow-94-4bn-via-t-bills-in-2024\/#primaryimage"},"image":{"@id":"https:\/\/www.ghanamma.com\/2023\/12\/11\/government-to-borrow-94-4bn-via-t-bills-in-2024\/#primaryimage"},"thumbnailUrl":"https:\/\/www.ghanamma.com\/2023\/wp-content\/uploads\/2023\/12\/image-220.png","datePublished":"2023-12-11T11:20:33+00:00","dateModified":"2023-12-11T11:20:33+00:00","author":{"@id":"https:\/\/www.ghanamma.com\/2023\/#\/schema\/person\/6f91dab2e50bbbfe895c93e7e84e7f74"},"breadcrumb":{"@id":"https:\/\/www.ghanamma.com\/2023\/12\/11\/government-to-borrow-94-4bn-via-t-bills-in-2024\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.ghanamma.com\/2023\/12\/11\/government-to-borrow-94-4bn-via-t-bills-in-2024\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.ghanamma.com\/2023\/12\/11\/government-to-borrow-94-4bn-via-t-bills-in-2024\/#primaryimage","url":"https:\/\/www.ghanamma.com\/2023\/wp-content\/uploads\/2023\/12\/image-220.png","contentUrl":"https:\/\/www.ghanamma.com\/2023\/wp-content\/uploads\/2023\/12\/image-220.png","width":300,"height":200},{"@type":"BreadcrumbList","@id":"https:\/\/www.ghanamma.com\/2023\/12\/11\/government-to-borrow-94-4bn-via-t-bills-in-2024\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.ghanamma.com\/2023\/"},{"@type":"ListItem","position":2,"name":"Government to borrow 94.4bn via T-bills in 2024 \u2013"}]},{"@type":"WebSite","@id":"https:\/\/www.ghanamma.com\/2023\/#website","url":"https:\/\/www.ghanamma.com\/2023\/","name":"Ghanamma.com","description":"Ghana mma provides breaking news, top stories in Ghana, Africa, business, entertainment, politics and more.","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.ghanamma.com\/2023\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.ghanamma.com\/2023\/#\/schema\/person\/6f91dab2e50bbbfe895c93e7e84e7f74","name":"Ghana News","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.ghanamma.com\/2023\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/22cb97c2b08df229330efb2b8c2645feaae8d3ca3ee434035fbb668b5b82f570?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/22cb97c2b08df229330efb2b8c2645feaae8d3ca3ee434035fbb668b5b82f570?s=96&d=mm&r=g","caption":"Ghana News"},"sameAs":["https:\/\/www.ghanamma.com\/2023"],"url":"https:\/\/www.ghanamma.com\/2023\/author\/ghanamma\/"}]}},"_links":{"self":[{"href":"https:\/\/www.ghanamma.com\/2023\/wp-json\/wp\/v2\/posts\/129681","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.ghanamma.com\/2023\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.ghanamma.com\/2023\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.ghanamma.com\/2023\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.ghanamma.com\/2023\/wp-json\/wp\/v2\/comments?post=129681"}],"version-history":[{"count":0,"href":"https:\/\/www.ghanamma.com\/2023\/wp-json\/wp\/v2\/posts\/129681\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.ghanamma.com\/2023\/wp-json\/wp\/v2\/media\/128040"}],"wp:attachment":[{"href":"https:\/\/www.ghanamma.com\/2023\/wp-json\/wp\/v2\/media?parent=129681"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.ghanamma.com\/2023\/wp-json\/wp\/v2\/categories?post=129681"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.ghanamma.com\/2023\/wp-json\/wp\/v2\/tags?post=129681"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}