The government plans to borrow GH¢6.491 billion through this week’s treasury bills auction, following a shortfall in last week's results. It was the first undersubscription in three weeks, after setting a target of GH¢6.413 billion. In the November 29, 2024 auction, only GH¢3.836 billion was raised, with GH¢2.95 billion allocated to the 91-day bill. The government also accepted GH¢669.37 million for the 182-day bill and GH¢216.

0

58 million for the 365-day bill. Interest rates were set at 27.36% for the 91-day bill, 28.09% for the 182-day bill, and 29.87% for the 365-day bill. As the government no longer has access to international capital markets, it has increasingly relied on treasury bills as its primary means of borrowing.

1