Interest rates fell for the 11th week running as demand for the Treasury bills continued to surge.
The declining yields will reduce the government's cost of borrowing albeit marginally.
The yield on the 91-day bill fell by 25 basis points to 26.49%.
That of the 182-day also eased to 28.99% from 29.24% the previous week.
Similarly, the 364-day bill went down by 25 basis points to 29.59%.
Meanwhile, the government recorded about 37.7% oversubscription of the short-term instruments.
It secured GH¢5.36 billion from the auction of the T-bills.
A chunk of the offer came from the 91-day bill.
About GH¢3.728 billion, representing 69.28% were tendered, which all were accepted.
For the 182-day bill, GH¢1.078 billion were tendered. The uptake was GH¢1.067 billion.
The 364-day bill received bids worth GH¢574.31 million. All the bids tendered were accepted.
Analysts believe the yields on the short-term instruments will continue to ease in line with inflation expectations.
| SECURITIES | BIDS TENDERED (GH) | BIDS ACCEPTED |
| 91-Day Bill | 3.728bn | 3.728bn |
| 182-Day Bill | 1.078bn | 1.067bn |
| 364-Day Bill | 574.31m | 574.31m |
| Total | 5.381bn | |
| Target | 3.891bn | |
Latest Stories
-
I thought I’d become an architect – Diana Hamilton
16 minutes -
Pan-African Savings and Loans supports Kotobabi No.2 Primary School
24 minutes -
Albert Dwumfour re-elected as GJA President
32 minutes -
Minibus destroyed by fire on Sawla-Wa Highway
43 minutes -
Hanna Bissiw exposes attempt to influence release of arrested illegal miners
45 minutes -
Over 70% of Ghanaian adults suffer low back pain – Physiotherapist raises alarm
1 hour -
‘We yearn for peace, strive for justice’ – GBA renews call for Torkornoo’s reinstatement
1 hour -
Galamsey fight: Government to outdoor cooperative mining scheme to provide alternative livelihood – NAELP Coordinator
1 hour -
“Let politicians fight politicians” — Ex-GBA President Kotei Neequaye declares war on Kofi Adams and Nii Lante Vanderpuye
1 hour -
GJA 2025 elections in photos
1 hour -
Kojo Bonsu’s ambassadorial appointment will boost Ghana-China trade, say Kumasi traders
2 hours -
Nine test positive for H1N1 at Anum SHS
2 hours -
NPP flagbearer race: Mike Oquaye urges rich ideas, not divisive rhetoric
2 hours -
I resigned because of Prez. Mahama, NDC – former GBA President
2 hours -
Ecobank Ghana champions green energy transition with ASAP loan for homes, businesses
2 hours