Interest rates eased for the 8th week running on the treasury market but marginally.
Indeed, the yields on the treasury bills continued to ease in line with most analysts' forecasts.
According to the auction results by the Bank of Ghana, the rate on the 91-day bill went down by 70 basis points to 27.82%.
That of the 182-day bill also fell by 65 basis points remained unchanged at 29.74%.
The 364-day bill dropped to 30.29% from the previous 30.89%.
Meanwhile, the government recorded 11.20% oversubscription over the ambitious target of GH¢6.26 billion
It accepted all the bids submitted worth GH¢6.97 billion.
About GH¢3.41 billion, representing 48.94% came from the 91-day bill. All the bids were accepted.
The 182-day bill also received bids worth GH¢1.813 billion with the uptake being the same.
About GH¢1.74 billion were tendered for the one-year bill. All the bids were accepted.
SECURITY | BIDS TENDERED (GH¢) | BIDS ACCEPTED (GH¢) |
91 Day Bill | 3.411 billion | 3.411 billion |
182 Day Bill | 1.813 billion | 1.813 billion |
364 Day Bill | 1.745 billion | 1.745 billion |
Total | 6.970 billion | 6.970 billion |
Target | 6.268 billion | |
Latest Stories
-
Dr Bawumia’s vision will transform Ghana – Volta NPP Chair
6 mins -
Only those who decide to play the ‘fool’ stay married – Real Warri Pikin
16 mins -
Cedi can only stabilse temporarily but will keep on depreciating – Prof Bokpin
20 mins -
Finance Ministry develops financial strategy to support SMEs
24 mins -
AfCFTA mission can’t be achieved without digital inclusion – AfCFTA Secretary General
29 mins -
Kukuom voter registration disturbance a bad signal for election 2024 – Sheikh Armiyawo Shaibu
35 mins -
3i Summit: Ghana signs $200 million MoU with EBID to support SMEs – Akufo-Addo
39 mins -
Premier League-bound Leicester City and Belgian clubs chase Ghanaian midfielder Michael Baidoo
48 mins -
BoG gives government money to chop; and then we’re burdened with high taxes – Ken Thompson
50 mins -
Is social media worth paying for?
1 hour -
Bawumia cuts sod for construction of Gambaga Sports Complex
1 hour -
MPs serve as ministers; Kodua Fokuo can head NIB as a parliamentary candidate – John Boadu
1 hour -
Bernard Tekpetey wins fourth Bulgarian league title with Ludogorets
1 hour -
Fidelity Bank celebrates mothers and strengthens customer bonds at major markets
2 hours -
Haithem Debbiche appointed Managing Director of Tetra Pak West Africa
2 hours