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Government makes GH¢6.84 billion from treasury bills auction, highest so far this year

Government successfully secured GH¢6.84 billion in treasury bill sales, surpassing its target of GH¢4.587 billion.

This comes after the Bank of Ghana’s (BoG) weekly Treasury Bill Auction, conducted on February 9, 2024.

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This resulted in an oversubscription of GH¢2.259 billion. Notably, the previous week’s auction yielded a total amount of GH¢4.527 billion.

Meanwhile, interest rates experienced a slight decrease, ranging from 27.99% to 30.99%.

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The latest auction results from the Bank of Ghana indicate that interest rates for the 91-day and 182-day bills currently stand at 27.99% and 30.43%, respectively. For the 364-day bill, interest rates are reported at 30.99%.

With inflation currently at 23.2%, there are positive signs for investors.

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All bids tendered in this week’s auction were accepted, with GH¢2.931 billion accepted for the 91-day bill, GH¢1.627 billion for the 182-day bill, and GH¢2.287 million for the 364-day bills.

Looking ahead, the government has set its next auction target at GH¢4.865 billion.

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