Government has set a target of GH¢6.848 billion for this week's treasury bill auction.

The government recorded an undersubscription in last week's auction making it the second time this month that the government has fallen short after setting an ambitious target of GH¢6.419 billion.

The government received GH¢5.199.67 billion in the auction on December 6, 2024.

According to the results released on December 9, 2024, GH¢3.007.61 billion was allocated for the 91-day bill.

However, the government accepted GH¢1.832.51 billion for the 182-day bill and GH¢359.55 million for the 365-day bill.

Interest rates were established at 27.60% for the 91-day bill, 28.31% for the 182-day bill, and 29.90% for the 365-day bill.

Treasury bills have become the government’s primary source of borrowing since it no longer has access to the international capital market.

SSD/MA

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