Interest rates remained relatively the same for the first time since the beginning of the year.
This follows a rise in inflation in March 2024 to 25.8%.
The yield on the 91-day bill stayed the same at 25.73%.
That of the 182-day bill went down by 8 basis points to 28.14%.
However, the interest on the 364-day bill shot up to 28.74% from the previous 28.33%.
Going forward, it’s unclear whether interest rates will resume their falling spree.
Meanwhile, the government’s treasury bills were oversubscribed by 22.25% after two weeks of undersubscription.
The government got GH¢4.228 billion from the sale of the short-term instruments. This is compared with a target of GH¢2.459 billion.
About 85.2% of the bids tendered came from the 91-day bill. All the bids of GH¢3.606 billion cedis were accepted.
For the 182-day bill, GH505.19 million were received and the uptake was the same.
The one-year bill also saw about GH¢117.64 billion tendered. The uptake was also GH¢117.64 million.
| SECURITIES | BIDS TENDERED (GH¢) | BIDS ACCEPTED(GH¢) |
| 91 Day Bill | 3.606 bn | 3.606 bn |
| 182 Day Bill | 505.19m | 505.19m |
| 364 Day Bill | 117.64m | 117.64m |
| Total | 4.228bn | 4.228bn |
| Target | 3.459bn |
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