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
-
Lordina Mahama campaigns in Kumasi markets, selling NDC’s 2024 Manifesto
26 mins -
Bawumia hasn’t lobbied me to speak for him; I’ve strong faith in his abilities – Kufuor asserts
31 mins -
KNUST study reveals high Vitamin D deficiency among Kumasi’s elderly due to limited sun exposure
35 mins -
Employment Minister opens new office complex for FWSC
41 mins -
Traffic light signals; amber and red mean stop, really?
47 mins -
Expired rice for students: Mahama gov’t will never feed SHS students with expired food – Omane Boamah
52 mins -
Ghana needs a possibility mindset and Bawumia offers that – Pastor Alexander Doku
1 hour -
Education stakeholders call for swift deployment of digital tools
1 hour -
Dialysis At 13: Ibrahim Mahama’s team visits Rosemary Boadu, presents extra GHS20k ahead of pre-transplant workup
1 hour -
Akrofuom NCCE organises parliamentary candidates’ dialogue; only NDC attends
1 hour -
TEWU-TUC set to strike today over unresolved service conditions
1 hour -
5,000 aged constituents in New Juaben South partake in MPs ‘Shop and Go’ initiative
1 hour -
Deliberate policies needed to spur Ghana’s industrialisation drive – AGI
1 hour -
Election 2024: ‘Vote or others will decide for you’ – Kufuor urges Ghanaians
1 hour -
Bawumia will revive Ghana’s economy if elected with his ‘remarkable abilities’ – Kufuor
2 hours