The government concluded 2024 with a 9% excess demand during the Treasury bills auction, exceeding its target. <\/p>\n According to data published by the Bank of Ghana, the auction, which had targeted GH\u00a24.3 billion, secured a total of GH\u00a24.6 billion, surpassing the target by GH\u00a2383 million. <\/p>\n The data also indicates that the 91-day Treasury bill was the most sought after, attracting bids worth GH\u00a23.8 billion, while the 182-day bill contributed GH\u00a2628.16 million, accounting for 13.5% of the total bids. <\/p>\n The 364-day bill represented 3.36% of the total, bringing in GH\u00a2179.37 million. However, this modest oversubscription was accompanied by increased Treasury bill rates. <\/p>\n Interest rates for the 91-day bill and 182-day bill rose from 27.85% to 28.03% and from 28.68% to 28.88%, respectively. The 364-day bill also increased from 29.97% to 30.07%. <\/p>\n The results highlight a mix of investor optimism and caution, with higher yields driving demand despite the rising cost of borrowing. <\/p>\n As such, the year ends on a notable high for the government’s short-term debt market, laying a solid foundation for 2025. <\/p>\n President-elect John Mahama has pledged to restore fiscal discipline moving forward. <\/p>\n FKA\/MA<\/p>\n Watch the latest edition of BizTech below:<\/b><\/p>\n![\"The](\"https:\/\/cdn.ghanaweb.com\/imagelib\/pics\/972\/97259954.295.jpg\" "\\"The")
The results highlight a mix of investor optimism and caution<\/span><\/span><\/p>\n<\/div>\n