Audio By Carbonatix
Interest rates fell once again with an anticipated ease in December 2023 inflation.
According to auction results by the Bank of Ghana, demand for treasury bills surged.
The 91-day bill eased to 29.19%, from 29.24% the previous week.
The 182-day bill also went down by 14 basis points to 31.74%.
Again, the 364-day bill retreated to 32.34% from 32.48% previously.
With the Ghana Statistical Service set to announce December 2023 inflation this week, it is likely interest rates will go down further next week.
Meanwhile, the government got 15.24% more than the targeted amount of ¢2.837 billion.
The majority of the bids came from the 91-day bill. ¢2.143 billion tendered were all accepted.
It was followed by the 182-day bill in which ¢595.72 million were tendered. All the bids were accepted.
For the 364-day bill, 484.22 million of the bids were tendered. The uptake was 479.43 million.
| SECURITIES | BIDS TENDERED (GH¢) | BIDS ACCEPTED (GH¢) |
| 91 Day Bill | 2.143 billion | 2.143 billion |
| 182 Day Bill | 595.72 million | 595.72 million |
| 364 Day Bill | 484.22 million | 484.22 million |
| Total | 3.223 billion | 3.218 billion |
| Target | 2.837 billion |
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