{"id":248794,"date":"2024-11-11T09:51:29","date_gmt":"2024-11-11T09:51:29","guid":{"rendered":"https:\/\/www.ghanamma.com\/2024\/11\/11\/government-exceeds-target-with-gh%c2%a25-8-billion-raised-interest-rates-at-29\/"},"modified":"2024-11-11T09:51:29","modified_gmt":"2024-11-11T09:51:29","slug":"government-exceeds-target-with-gh%c2%a25-8-billion-raised-interest-rates-at-29","status":"publish","type":"post","link":"https:\/\/www.ghanamma.com\/2024\/11\/11\/government-exceeds-target-with-gh%c2%a25-8-billion-raised-interest-rates-at-29\/","title":{"rendered":"Government exceeds target with GH\u00a25.8 billion raised, interest rates at 29%"},"content":{"rendered":"

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The government of Ghana secured GH\u00a25.824 billion in its latest treasury bill auction, exceeding its target of GH\u00a25.623 billion by GH\u00a2201 million.<\/p>\n

The auction on November 8, 2024, saw an exponentially high demand for the 91-day bills securing bids amounting to GH\u00a25.10 billion.<\/p>\n

The 182-day bill and the 364-day bill secured bids worth GH\u00a2560.07 million and GH\u00a2157.98 million respectively.<\/p>\n

Interest rates for the 91-day bills stand at 26.8%, while interest rates for the 182-day bill and 364-day bills are at 27.6% and 29.1% respectively.<\/p>\n

This will be the fifth consecutive week that the government has exceeded its auction targets.<\/p>\n

The government plans to raise GH\u00a26.228 billion in its auction next week.<\/p>\n

SSD\/MA<\/p>\n

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