Government raised a total of GH?4.97 billion on the treasury bill market in the week ending November 24.
This was more than programmed auction target of GH?3.58 billion.
A total of GH?3.3 billion and GH?377 million bids were tendered for the 91 day and 182 day with the government accepting bids worth GH?3.27 billion and GH?375 million respectively.
For the 364-day bill, a total of GH?1.32 billion was tendered with the government accepting all bids.
Interest rates on the 91, 182, and 364-day T-Bills as of the last auction were 29.4%, 31.7%, and 33.2% respectively, resulting in an average interest rate of 31.5% across the debt instruments.
In the upcoming issuance on December 1, the Government plans to raise GH?5.61 billion.