Interest rates fell once again with an anticipated ease in December 2023 inflation.
According to auction results by the Bank of Ghana, demand for treasury bills surged.
The 91-day bill eased to 29.19%, from 29.24% the previous week.
The 182-day bill also went down by 14 basis points to 31.74%.
Again, the 364-day bill retreated to 32.34% from 32.48% previously.
With the Ghana Statistical Service set to announce December 2023 inflation this week, it is likely interest rates will go down further next week.
Meanwhile, the government got 15.24% more than the targeted amount of ¢2.837 billion.
The majority of the bids came from the 91-day bill. ¢2.143 billion tendered were all accepted.
It was followed by the 182-day bill in which ¢595.72 million were tendered. All the bids were accepted.
For the 364-day bill, 484.22 million of the bids were tendered. The uptake was 479.43 million.
| SECURITIES | BIDS TENDERED (GH¢) | BIDS ACCEPTED (GH¢) |
| 91 Day Bill | 2.143 billion | 2.143 billion |
| 182 Day Bill | 595.72 million | 595.72 million |
| 364 Day Bill | 484.22 million | 484.22 million |
| Total | 3.223 billion | 3.218 billion |
| Target | 2.837 billion |
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