https://www.myjoyonline.com/t-bills-auction-interest-rates-plummet-to-25-99-government-exceeds-target-by-41/-------https://www.myjoyonline.com/t-bills-auction-interest-rates-plummet-to-25-99-government-exceeds-target-by-41/

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.

SECURITIESBIDS TENDERED (GH¢)BIDS ACCEPTED (GH¢)
91 Day Bill2.504bn2.488bn
182 Day Bill1.343bn1.343bn
364 Day Bill927.06m927.06m
   
Total4.775bn4.758bn
Target3.383bn 
   

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