Govt raises GH₵4.97 billion on T Bill market
Business Desk Report
Business News
Government raised a total of GH₵4.97 billion on the treasury bill market in the week ending November 24.
This was more than programmed auction target of GH₵3.58 billion.
A total of GH₵3.3 billion and GH₵377 million bids were tendered for the 91 day and 182 day with the government accepting bids worth GH₵3.27 billion and GH₵375 million respectively.
For the 364-day bill, a total of GH₵1.32 billion was tendered with the government accepting all bids.
Interest rates on the 91, 182, and 364-day T-Bills as of the last auction were 29.4%, 31.7%, and 33.2% respectively, resulting in an average interest rate of 31.5% across the debt instruments.
In the upcoming issuance on December 1, the Government plans to raise GH₵5.61 billion.