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
-
EC blames re-collation of disputed results on widespread lawlessness by party supporters
11 minutes -
Top 20 Ghanaian songs released in 2024
32 minutes -
Beating Messi’s Inter Miami to MLS Cup feels amazing – Joseph Paintsil
45 minutes -
NDC administration will reverse all ‘last-minute’ gov’t employee promotions – Asiedu Nketiah
57 minutes -
Kudus sights ‘authority and kingship’ for elephant stool celebration
58 minutes -
We’ll embrace cutting-edge technologies to address emerging healthcare needs – Prof. Antwi-Kusi
2 hours -
Nana Aba Anamoah, Cwesi Oteng special guests for Philip Nai and Friends’ charity event
2 hours -
Environmental protection officers receive training on how to tackle climate change
2 hours -
CLOGSAG vows to resist partisan appointments in Civil, Local Government Service
3 hours -
Peasant Farmers Association welcomes Mahama’s move to rename Agric Ministry
3 hours -
NDC grateful to chiefs, people of Bono Region -Asiedu Nketia
3 hours -
Ban on smoking in public: FDA engages food service establishments on compliance
3 hours -
Mahama’s administration to consider opening Ghana’s Mission in Budapest
3 hours -
GEPA commits to building robust systems that empower MSMEs
3 hours -
Twifo Atti-Morkwa poultry farmers in distress due to high cost of feed
3 hours