The Government plans to raise about GHS7.5 billion from the domestic market next week to meet short-term financing needs.
This follows a Bank of Ghana notice (No. BG/FMD/2025/76), issued on behalf of the Government, setting a GHS7.56 billion target for the sale of 91-day, 182-day and 364-day Treasury Bills under Tender 1989.
The target is about 90 per cent higher than the GHS3.99 billion set for the previous auction held on January 2, indicating a sharp increase in immediate borrowing requirements.
The move comes after the Government raised GHS4.3 billion at last week’s auction, amid continued investor demand for relatively high yields.
The 91-day, 182-day and 364-day bills were issued at average interest rates of 11.12 per cent, 12.55 per cent and 12.33 per cent per annum, respectively.
The primary auction is conducted on a wholesale basis and is restricted to Primary Dealer banks.
Members of the public and institutional investors may, however, access the securities on the secondary Ghana Fixed Income Market through licensed participants.
GNA
Edited by Kenneth Sackey
4 Jan. 2025
