The government is looking to raise GH¢6.353 billion in the upcoming treasury bills auction this week.

Following the swearing-in of President John Dramani Mahama, the recent treasury bills auction on January 10, 2025, saw a significant oversubscription.

The auction garnered bids totaling GH¢8.075 billion, surpassing the initial target of GH¢5.198 billion by GH¢2.877 billion.

As per the results disclosed on January 13, 2025, the government secured GH¢5.514 billion from the 91-day treasury bill, GH¢1.417 billion from the 182-day bill, and GH¢1.145 billion from the 365-day bill.

All bids submitted for this week's auction were approved.

The interest rates for the latest auction were pegged at 28.33% for the 91-day bill, 28.96% for the 182-day bill, and 30.17% for the 365-day bill.

Due to its restricted access to global capital markets, the government has increasingly turned to treasury bills as a key method of financing its fiscal needs.