The government aims to raise GH¢6.896 billion in a treasury bill auction scheduled for November 22, 2024.

During the previous auction on November 15, 2024, the government raised GH¢5.180 billion, falling short of its GH¢6.228 billion target by GH¢1.04 billion.

Bids for the 91-day treasury bills dominated, reaching GH¢3.942 billion, while the 182-day and 364-day bills attracted bids of GH¢653.43 million and GH¢584.16 million, respectively.

Interest rates currently stand at 26.96% for the 91-day bills, 27.78% for the 182-day bills, and 29.21% for the 364-day bills.

This marked the first instance in five weeks where the government experienced an undersubscription.