The government achieved a 24% oversubscription of treasury bills sale in the first auction for 2025.

However, it came at the expense of rising interest rates, increasing the cost of repaying the short-term instruments.

The government got GH¢5.392 billion but accepted GH¢5.371 billion for the short-term instruments.

For the 91-day bill, the government received GH¢3.539 billion but accepted GH¢3.531 billion.

About GH¢617 million were tendered for the 182-day bill. However, GH¢604.39 million were accepted.

For the 364-day bill, all the GH¢1.235 billion tendered were accepted.

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

The yield on the 91-day bill increased by 16 basis points to 28.19%.

That of the 182-day bill also shot up to 28.91%, from 28.68% the prior week.

The same could be said about the one-year bill as the rate went up to 30.15% from 30.07% the previous week.