The government is set to raise GH¢6.896 billion through its upcoming treasury bill auction scheduled for November 22, 2024.

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

The 91-day bills in that auction experienced strong demand, with bids totaling GH¢3.942 billion.

Meanwhile, the 182-day and 364-day bills garnered bids of GH¢653.43 million and GH¢584.16 million, respectively.

Interest rates for the 91-day bills are set at 26.96%, while the 182-day and 364-day bills offer rates of 27.78% and 29.21%, respectively.

This marked the first undersubscription for the government in five weeks.