In its latest treasury bill auction, the government secured GH¢4.488 billion missing its target of GH¢4.721 billion.
The auction on July 12, issued on July 15 secured GH¢3.540 for the 91-day bill.
The government accepted GH¢782 billion for the 182-day bill and GH¢165.36 billion for the 365-day bill.
Last week, the government sold a total amount of GH¢3.344.64 billion.
Interest rates stood at 24.78% for the 91-day bill, 26.74% for the 182-day bill, and 27.78% for the 365-day bill.
According to the Bank of Ghana results, all bids tendered in this week’s auction were accepted.
The government has set its next auction target at GH¢5.310 billion.
Source: www.ghanaweb.com
