Interest rates tumbled for the 12th consecutive week in 2024 in line with most analysts forecasts.
According to results of treasury bills (T-bills) auction by the Bank of Ghana, interest rates continue to fall in line with the disinflation process.
The 91-day bill fell by 50 basis points to 25.99%.
The yield on the 182-day bill also took a nose dive to 28.49% from the previous week’s 28.99%.
Similarly, the 364-day bill went down by 50 basis points to 29.09%.
Meanwhile, the T-bills auction was oversubscribed by 41.15% to the tune of GH¢4.77 billion.
The government however accepted GH¢4.75 billion.
The 91-day bill was the most patronised with about GH¢2.50 billion tendered. The uptake was about GH¢2.48 billion.
The 182-day bill received bids worth GH¢1.34 billion. All were accepted.
For the 364-day bill, GH¢927.06 million were tendered. The uptake was also GH¢927.06 million.
| SECURITIES | BIDS TENDERED (GH¢) | BIDS ACCEPTED (GH¢) |
| 91 Day Bill | 2.504bn | 2.488bn |
| 182 Day Bill | 1.343bn | 1.343bn |
| 364 Day Bill | 927.06m | 927.06m |
| Total | 4.775bn | 4.758bn |
| Target | 3.383bn | |
Latest Stories
-
I want to focus more on my education – Chidimma Adetshina quits pageantry
2 hours -
Priest replaced after Sabrina Carpenter shoots music video in his church
2 hours -
Duct-taped banana artwork sells for $6.2m in NYC
2 hours -
Arrest warrants issued for Netanyahu, Gallant and Hamas commander over alleged war crimes
2 hours -
Actors Jonathan Majors and Meagan Good are engaged
2 hours -
Expired rice saga: A ‘best before date’ can be extended – Food and Agriculture Engineer
2 hours -
Why I rejected Range Rover gift from a man – Tiwa Savage
2 hours -
KNUST Engineering College honours Telecel Ghana CEO at Alumni Excellence Awards
3 hours -
Postecoglou backs Bentancur appeal after ‘mistake’
3 hours -
#Manifesto debate: NDC to enact and pass National Climate Law – Prof Klutse
3 hours -
‘Everything a manager could wish for’ – Guardiola signs new deal
3 hours -
TEWU suspends strike after NLC directive, urges swift resolution of grievances
3 hours -
Netflix debuts Grain Media’s explosive film
4 hours -
‘Expired’ rice scandal: FDA is complicit; top officials must be fired – Ablakwa
4 hours -
#TheManifestoDebate: We’ll provide potable water, expand water distribution network – NDC
5 hours