The government plans to raise GH¢6.353 billion through a treasury bill auction this week as it continues relying on domestic borrowing.

Following the swearing-in of President John Dramani Mahama, the first treasury bill auction of 2025 held on January 10 exceeded expectations, attracting bids worth GH¢8.075 billion.

This was well above the target of GH¢5.198 billion, with an oversubscription of GH¢2.877 billion.

According to auction results announced on January 13, the government accepted GH¢5.514 billion for the 91-day bills, GH¢1.417 billion for the 182-day bills, and GH¢1.145 billion for the 365-day bills, approving all bids submitted.

The interest rates offered in the latest auction were set at 28.33% for 91-day bills, 28.96% for 182-day bills, and 30.17% for 365-day bills.

With no access to international financial markets, the government has turned to treasury bills as a key borrowing tool to finance its operations.