{"id":259338,"date":"2024-12-02T12:06:56","date_gmt":"2024-12-02T12:06:56","guid":{"rendered":"https:\/\/www.ghanamma.com\/2024\/12\/02\/t-bills-massively-undersubscribed-interest-rates-at-29-8\/"},"modified":"2024-12-02T12:06:56","modified_gmt":"2024-12-02T12:06:56","slug":"t-bills-massively-undersubscribed-interest-rates-at-29-8","status":"publish","type":"post","link":"https:\/\/www.ghanamma.com\/2024\/12\/02\/t-bills-massively-undersubscribed-interest-rates-at-29-8\/","title":{"rendered":"T-bills massively undersubscribed; interest rates at 29.8%"},"content":{"rendered":"

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\"Interest Interest rates for 91-day bills stand at 27.36%<\/span><\/span><\/p>\n<\/div>\n

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The government has recorded an undersubscription in its latest treasury bills auction.<\/p>\n

This is the first time in three weeks that the government has recorded a shortfall after it set an ambitious target of GH\u00a26.413 billion.<\/p>\n

The government recorded GH\u00a23.835.93 billion in the auction on November 29, 2024.<\/p>\n

Per the results issued on December 2, 2024, GH\u00a22.949.98 billion for the 91-day bill.<\/p>\n

However, the government accepted GH\u00a2669.37 million for the 182-day bill and GH\u00a2216.58 million for the 365-day bill.<\/p>\n

Last week, the government sold a total of GH\u00a26.413.04 billion.<\/p>\n

Interest rates were set at 27.36% for the 91-day bill, 28.09% for the 182-day bill, and 29.87% 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

Meanwhile, the government wants to borrow GH\u00a26.491 billion in this week’s auction.<\/p>\n

SSD\/MA<\/p>\n

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