For the eighth consecutive week, the government failed to meet its target for treasury bills by GH¢993.61 million.

In its latest auction, the government secured GH¢4.094 billion, falling short of its GH¢5.088 billion target.

During the auction on August 30, 2024, and issuance on September 2, 2024, GH¢2.532 billion was secured for the 91-day bill.

However, the government accepted GH¢1.357 million for the 182-day bill and GH¢205.23 million for the 365-day bill.

Last week, the government sold a total of GH¢5.230 billion.

Interest rates were set at 24.88% for the 91-day bill, 26.78% for the 182-day bill, and 27.91% for the 365-day bill.

According to the Bank of Ghana's results, all bids tendered in this week’s auction were accepted.

Meanwhile, the government has set a target of GH¢5.604 billion for its next auction.

SSD/MA

Watch the latest edition of BizHeadlines below:





Ghana’s leading digital news platform, GhanaWeb, in conjunction with the Korle-Bu Teaching Hospital, is embarking on an aggressive campaign which is geared towards ensuring that parliament passes comprehensive legislation to guide organ harvesting, organ donation, and organ transplantation in the country.

Click here to follow the GhanaWeb Business WhatsApp channel