Treasury exceeds GHS 4bn T-Bill target by GHS 134m
The Finance Ministry in the issuance of its 91,182 and 364 days treasury bills exceeded its target of raising GHS 4.07bn.
The Treasury in the auction of the short-term securities exceeded its target by some GHS 134m as it managed to raise GHS 4.2bn from the debt market.
Bids for the 91, 182, and 364 days T-Bills amounted to GHS 2,147 million, GHS 417 million, and GHS 1,646 million respectively with the Government accepting bids amounting to GHS 2,147 m, GHS 416m, and GHS 1,646m made for the 91, 182 and 364-day T-Bill.
The 91, 182, and 364-day T-Bills were auctioned at interest rates of 29.2%, 31.8% and 32.4% respectively.
On average, the Government’s interest cost on T-bills stands at 31.1%.
Real positive returns on the short-term debt instruments have resumed given the high interest rates on T-Bills and the reduced headline inflation rate of 26.4%.
