Interest rates fell once again as government Treasury bills was oversubscribed by about 40.3% to the tune of ¢3.89 billion.
According to the auctioning results by the Bank of Ghana, demand for the 91-day T-bill was very high, pushing the yield down.
Following the successful completion of the Domestic Debt Exchange Programme, interest rates on the money market have witnessed a significant fall. From a high of 35%, the rates have eased to about 20% on the average.
The yield on the 91-day bill fell by 0.52% to 18.52%.
At the same time, the 182-day rate also declined to 21.27%, from 22.84% the previous week.
Meanwhile, government accepted ¢3.87 billion of the total bids submitted.
Chunk of the bids, however, came from the 91-day T-bill as ¢2.90 billion was accepted.
For the 182-day bill, the bids submitted were estimated at ¢983.7 million. But ¢972.4 million was accepted.
| Securities | Bids Tendered (GH¢) | Bids Accepted (GH¢) |
| 91-day | 2.912 billion | 2.906 billion |
| 182-day | 983.77 million | 972.49 million |
| Total | 3.895 billion | 3.879 billion |
| Targeted | 2.775 billion |
Latest Stories
-
Shamima Muslim urges youth to lead Ghana’s renewal at 18Plus4NDC anniversary
1 hour -
Akufo-Addo condemns post-election violence, blames NDC
1 hour -
DAMC, Free Food Company, to distribute 10,000 packs of food to street kids
2 hours -
Kwame Boafo Akuffo: Court ruling on re-collation flawed
3 hours -
Samuel Yaw Adusei: The strategist behind NDC’s electoral security in Ashanti region
3 hours -
I’m confident posterity will judge my performance well – Akufo-Addo
3 hours -
Syria’s minorities seek security as country charts new future
4 hours -
Prof. Nana Aba Appiah Amfo re-appointed as Vice-Chancellor of the University of Ghana
4 hours -
German police probe market attack security and warnings
4 hours -
Grief and anger in Magdeburg after Christmas market attack
4 hours -
Baltasar Coin becomes first Ghanaian meme coin to hit DEX Screener at $100K market cap
5 hours -
EC blames re-collation of disputed results on widespread lawlessness by party supporters
5 hours -
Top 20 Ghanaian songs released in 2024
5 hours -
Beating Messi’s Inter Miami to MLS Cup feels amazing – Joseph Paintsil
5 hours -
NDC administration will reverse all ‘last-minute’ gov’t employee promotions – Asiedu Nketiah
6 hours