At an interest rate of 35.9%, the government receives GH1.67 billion from the T-bill auction

Treasury bills exceeded the objective for the year’s first auction, conducted on January 6, 2023, according to data from the Bank of Ghana

‘s weekly auction.

According to the results of the weekly auction, interest rates were largely constant.

The 182-day bill was offered at a rate of 35.94%, but the interest rate for the 91-day bills was 35.65%.

Treasury bills were oversubscribed by GH184 million, according to data from the Bank of Ghana.

The 182-day bill accepted GH270.32 and the 91-day bill received bids totaling GH1405.70 million.

For the 91-day, 182-day, and 365-day bills, a total of GH¢3971.28 million was accepted.

Treasury bills have witnessed oversubscriptions since the announcement of the debt exchange programme by the government.

Meanwhile, the government expects to raise GH¢1.49 billion in its next auction.