The government is looking to raise about GH¢ 7.5 billion from the domestic market next week to cover its short-term financing needs.
This comes after a Bank of Ghana notice (No. BG/FMD/2025/76), issued on behalf of the Government, announcing 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.
The public and institutional investors can still access securities on the secondary Ghana Fixed Income Market licensed participants.
Source: Accra Business News
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