{"id":219152,"date":"2024-09-20T14:46:26","date_gmt":"2024-09-20T14:46:26","guid":{"rendered":"https:\/\/www.ghanamma.com\/2024\/09\/20\/government-to-borrow-gh%c2%a25-881-billion-from-treasury-bills-this-week\/"},"modified":"2024-09-20T14:46:26","modified_gmt":"2024-09-20T14:46:26","slug":"government-to-borrow-gh%c2%a25-881-billion-from-treasury-bills-this-week","status":"publish","type":"post","link":"https:\/\/www.ghanamma.com\/2024\/09\/20\/government-to-borrow-gh%c2%a25-881-billion-from-treasury-bills-this-week\/","title":{"rendered":"Government to borrow GH\u00a25.881 billion from treasury bills this week"},"content":{"rendered":"

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The government has set a target of GH\u00a25.881 billion for its treasury bills auction on September 20, 2024.<\/p>\n

Last week, the government exceeded its target for treasury bills for the first time in ten weeks after recording undersubscriptions for the past nine weeks.<\/p>\n

The government recorded a total of GH\u00a25.529 billion in its latest auction, surpassing its target of GH\u00a25.400 billion by GH\u00a2129.67 million.<\/p>\n

During the auction on September 13, 2024, and issuance on September 16, 2024, GH\u00a24.698 billion was secured for the 91-day bill.<\/p>\n

However, the government accepted GH\u00a2594.37 million for the 182-day bill and GH\u00a2245.74 million for the 365-day bill.<\/p>\n

Last week, the government sold a total of GH\u00a24,849.15 billion.<\/p>\n

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.<\/p>\n

According to the Bank of Ghana’s results, all bids tendered in this week’s auction were accepted.<\/p>\n

SSD\/MA<\/p>\n

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