Interest rates continued to fall on the yield curve since January 1, 2024.
According to auction results by the Bank of Ghana, the rates on the 91-day, 182-day and 364-day bills all declined.
The yield on the 91-day bill tumbled by 10 basis points to 25.54%.
That of the 182-day bill also dropped to 27.64%, from the previous week’s 28.14%.
The 364-day bill again eased by 59 basis points to 28.24%.
Indeed, liquidity on the money market appears to be tightening following uncertainties regarding the government debt restructuring with Eurobond holders.
Meanwhile, the government failed to meet its T-bills target by 10.58%. It got GH¢3.110 billion as against a target of GH¢3.478 billion.
The 91-day bill was however the most patronised financial instrument. GH¢1.983 billion, representing 63.76% were tendered, and all were accepted.
This was followed by the 182-day bill in which GH¢ 878.60 million was tendered and the uptake was the same.
The 364-day bill saw GH¢ 248.76 million bids tendered. All the bids were accepted.
SECURITIES | BIDS ACCEPTED (GH¢) | BIDS ACCEPTED (GH¢) |
91 Day Bill | 1.983 billion | 1.983 billion |
182 Day Bill | 878.60 million | 878.60 million |
364 Day Bil | 248.76 million | 248.76 million |
Total | 3.110 billion | 3.110 billion |
Target | 3. 478 billion |
Latest Stories
-
Ambassador Sam Pee Yalley
2 minutes -
Stop the internal attacks and focus on the ills of the NDC – Bawumia urges NPP members
2 minutes -
We’re surprised EC decided to rerun Ablekuma North – NPP
10 minutes -
We’ll not allow 2024 defeat to destroy NPP – Afenyo-Markin
18 minutes -
Photos from the NPP National Delegates Conference
26 minutes -
We’re happy the NPP is resetting to support Mahama in rebuilding Ghana – NDC
1 hour -
Don’t alienate Kufuor, Akufo-Addo from party, you need them to build strong opposition – NDC tells NPP
1 hour -
The Rise and Fall of Bedroom Commandos: A National Tragedy in Three Rounds
1 hour -
Data must be treated as “core infrastructure” to achieve SDG 8 – Government Statistician
2 hours -
Rugby Africa Cup: Final set for Men’s Rugby World Cup spot as Senegal & Algeria seal wins
2 hours -
Trump sues Murdoch and Wall Street Journal for $10bn over Epstein article
3 hours -
The entire National Cathedral project is a crime scene – Dr. Arthur Kennedy
3 hours -
Follow Jesus, Follow the Apostles – Bishop Suku Chea charges newly ordained ministers
3 hours -
Bawumia accorded thunderous welcome at NPP conference
3 hours -
Clergymen who soiled their hands in National Cathedral scandal will never be forgiven – Kofi Bentil
3 hours