The government recorded another marginal oversubscription of treasury bills but at the expense of rising interest rates.

According to auction results from the Bank of Ghana, the government bagged GH¢4.078 billion as against a target of GH¢4.01 billion.

All the bids tendered were oversubscribed.

About GH¢3.32 billion representing 82.97% came from the 91-day bill.

A little over GH¢549.96 million were offered for the 182-day bill.

However, GH¢200.78 million were tendered for the 364-day bill.

The securities will be issued today November 4, 2024.

Meanwhile, interest rates continued to rise on the yield curve.

The yield on the 91-day bill went up by 37 basis points to 26.56%.

That of the 182-day bill was 27.58% as against 27.29% the previous week.

The rate on the 364-day bill was however up by 6.0 basis points to 28.97%.