Government raised GH¢2.96 billion in its latest treasury bills auction
The government is seeking to borrow GH¢7.525 billion in its treasury bill auction on July 11, 2025.
This is expected from the 91, 182 and the 365-day bills.
The government failed to meet its treasury bills target for the sixth consecutive week last week.
The auction results from the Bank of Ghana (BoG) indicated that the government fell short of its treasury bills target by GH¢388.13 million, resulting in an undersubscription of 11.56%.
The target for the auction was GH¢3.356 billion, but total bids received amounted to GH¢2.96 billion.
The government accepted all bids tendered on July 3, 2025.
All GH¢2.02 billion tendered for the 91-day bill were accepted, as well as the GH¢622 million for the 182-day bill.
For the 364-day bill, all GH¢316 million in bids were also accepted.
Meanwhile, interest rates continued to decline across the curve.
The 91-day rate dropped to 14.56%, the 182-day rate fell to 15.01%, and the 364-day rate eased to 15.16%.
SSD/MA
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