Interest rates fell once again as government Treasury bills was oversubscribed by about 40.3% to the tune of ¢3.89 billion.
According to the auctioning results by the Bank of Ghana, demand for the 91-day T-bill was very high, pushing the yield down.
Following the successful completion of the Domestic Debt Exchange Programme, interest rates on the money market have witnessed a significant fall. From a high of 35%, the rates have eased to about 20% on the average.
The yield on the 91-day bill fell by 0.52% to 18.52%.
At the same time, the 182-day rate also declined to 21.27%, from 22.84% the previous week.
Meanwhile, government accepted ¢3.87 billion of the total bids submitted.
Chunk of the bids, however, came from the 91-day T-bill as ¢2.90 billion was accepted.
For the 182-day bill, the bids submitted were estimated at ¢983.7 million. But ¢972.4 million was accepted.
Securities | Bids Tendered (GH¢) | Bids Accepted (GH¢) |
91-day | 2.912 billion | 2.906 billion |
182-day | 983.77 million | 972.49 million |
Total | 3.895 billion | 3.879 billion |
Targeted | 2.775 billion |
Latest Stories
-
Brassier scores winner for Brest as they edge Rennes to secure European football
2 mins -
‘What are the real causes of the erratic power outages?’ GUTA demands from ECG
24 mins -
Implementing ESG framework in Ghana’s energy sector for sustainability
58 mins -
CAFCC: Dreams FC exit competition after 3-0 defeat in Kumasi
58 mins -
The detrimental effects of political interference on Ghana’s electricity sustainability
1 hour -
Prof. Opoku-Agyemang’s appointment as running mate intimidates the NPP – Benjamin Quashie
1 hour -
Black Stars physical trainer dead
1 hour -
Bawumia to kick off nationwide campaign for Election 2024 tomorrow
1 hour -
GUTA charges ECG to provide ‘dumsor’ timetable for businesses to plan
1 hour -
Reason for training professional counsellors is to heal a hurting world – CCP president
3 hours -
Woman allegedly brings dead man to bank to take out a loan
4 hours -
It’s a good feeling to score against PSG because I’m a Marseille boy – Andre Ayew
4 hours -
Joe Lartey Sr: A voice that brought life to Ghana sports and beyond
5 hours -
Bawumia promises to tackle issue most dear to Ghanaians as he begins nationwide campaign
6 hours -
Indian couple donate $24m fortune to charity to adopt monkhood
6 hours