Treasury bills were undersubscribed last week
The government expects to raise GH¢6.684 billion in its treasury bill auction on May 16, 2025.
In its latest auction on May 9, 2025, the government raised GH¢5,216.36 billion from the sale of treasury bills.
According to the auction results, the government set a target of GH¢5.386 billion but managed to fall short by GH¢169.64 billion.
In this week’s auction, all bids tendered were accepted.
The auction results, published by the Bank of Ghana, showed that the 91-day bill received the most bids, totalling GH¢3.858.16 billion.
The 182-day bill received bids worth GH¢747.06 million, while the 365-day bill received GH¢611.14 million.
Interest rates, on the other hand, have continued on a downward trajectory to maintain the government’s drive to ensure fiscal discipline.
The 91-day bills were sold at an interest rate of 15.16%, falling from last week’s 15.23%.
The 182-day bill, on the other hand, fell to 15.70% from 15.77%, and the 364-day bill declined to 16.80% from 16.95%.
SSD/MA
Watch the latest edition of BizTech below:
