In line with a significant decline in inflation, interest rates returned to their downward path after going up for the second consecutive week.
The decrease in the rates is one of the biggest in recent times.
With inflation recording its biggest decline in 2023 to 26.4% in November 2023, interest rates fell across the yield curve.
According to the auction results by the Bank of Ghana, the rate on the 91-day T-bill eased to 29.04% from 29.58% the previous week.
The 182-day bill also went down to 31.96% from 31.13% previously.
Again, the one-year bill plummeted by 96 basis points to 32.49%.
Meanwhile, the government secured about ¢4.726 billion of the T-bills auction, about 18% oversubscription.
It however accepted ¢4.723 billion.
The 91-day bill was the most subscribed by ¢3.150 billion. This represented 66.6% of the total bids. All of the bids were accepted.
It was followed by the 364-day bill in which ¢794.44 million were tendered, but ¢791.75 million were accepted.
The 182-day bill saw a subscription of ¢782.05 million.
| SECURITIES | BIDS TENDERED (GH¢) | BIDS ACCEPTED (GH¢) |
| 91 Day Bill | 3.150 billion | 3.150 billion |
| 182 Day Bill | 782.05 million | 782.05 million |
| 364 Day Bill | 794.44 million | 791.75 million |
| Total | 4.726 billion | 4.723 billion |
| Target | 3.984 | |
Latest Stories
-
IPR Ghana congratulates citizens for peaceful election, calls for unity
32 minutes -
Bawumia’s 8 minutes elite ball that zapped the energy of trigger happy politicians
1 hour -
It will be a betrayal if National Cathedral saga does not feature in ORAL’s work – Ablakwa
2 hours -
‘It’s unfortunate we had to protect the public purse from Akufo-Addo’ – Ablakwa on ORAL Team’s mission
2 hours -
Congo lawyers say Apple’s supply chain statement must be verified
3 hours -
Stampede in southwestern Nigerian city causes multiple deaths
3 hours -
Tens of thousands without water in Mayotte as curfew brought in
3 hours -
ORAL: We won’t witch-hunt, we’ll focus on transparency, not revenge – Ablakwa
4 hours -
Attempted robbery: Accused claims he carried cutlass for protection
4 hours -
Excavator operator jailed for stealing
4 hours -
African fans age-shame me for putting on some outfits – Tiwa Savage
4 hours -
Tiwa Savage criticised by female fans for stance on cheating in relationships
5 hours -
Bank of England expected to hold interest rates
5 hours -
Congo river boat sinks killing at least 22
5 hours -
Nigeria approves Shell’s $2.4 billion asset sale to Renaissance
5 hours