{"id":232197,"date":"2024-10-14T14:18:58","date_gmt":"2024-10-14T14:18:58","guid":{"rendered":"https:\/\/www.ghanamma.com\/2024\/10\/14\/treasury-bills-marginally-oversubscribed-in-latest-auction\/"},"modified":"2024-10-14T14:18:58","modified_gmt":"2024-10-14T14:18:58","slug":"treasury-bills-marginally-oversubscribed-in-latest-auction","status":"publish","type":"post","link":"https:\/\/www.ghanamma.com\/2024\/10\/14\/treasury-bills-marginally-oversubscribed-in-latest-auction\/","title":{"rendered":"Treasury bills marginally oversubscribed in latest auction"},"content":{"rendered":"

<\/p>\n

\n

\"Treasury Treasury bills oversubscribed in latest auction<\/span><\/span><\/p>\n<\/div>\n

\n

After many series of undersubscriptions, the government has recorded a marginal over-subscription in its latest auction.<\/p>\n

According to its latest auction results, the government exceeded its target of GH\u00a24.565 billion.<\/p>\n

The sale of the short-term instruments resulted in an oversubscription of GH\u00a248.93 billion as the government managed to sell GH\u00a24.613.93.<\/p>\n

During the auction on October 11, 2024, and issuance on October 14, 2024, GH\u00a23.887.83 billion was secured for the 91-day bill.<\/p>\n

However, the government accepted GH\u00a2500.68 million for the 182-day bill and GH\u00a2225.42 million for the 365-day bill.<\/p>\n

Last week, the government sold a total of GH\u00a24.035 billion.<\/p>\n

Interest rates were set at 25.61% for the 91-day bill, 26.90% for the 182-day bill, and 28.58% for the 365-day bill.<\/p>\n

Treasury bills have become the government\u2019s primary source of borrowing since it no longer has access to the international capital market.<\/p>\n

SSD\/MA<\/p>\n

Watch the latest edition of BizTech below:<\/b><\/p>\n