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 |
Latest Stories
-
The NPP can only secure victory in 2028 with the right leadership choices at every level of the party
19 minutes -
When Memory Dies: South Africa’s Convenient Amnesia
45 minutes -
MTN Ghana urges women to prioritise emotional wellness at Mmaa Nkomo event
52 minutes -
We will always stand by Ghanaians everywhere — Chief of Staff assures evacuees from South Africa
55 minutes -
“Don’t mess around with Ghanaians anywhere in the world” — Ablakwa warns
1 hour -
KetaFC alleges bias and interference in Volta Regional Middle League protest
1 hour -
Gov’t will always protect and support Ghanaians abroad – Ablakwa
2 hours -
“Don’t be depressed, have confidence” — Ablakwa encourages evacuees from South Africa
2 hours -
26 Ghanaian prisoners among first evacuees from South Africa — Ablakwa
2 hours -
Angry youth set properties ablaze after a shooting incident at Deti in Volta Region
2 hours -
GAUA-KNUST adopts a constitution, introduces electoral reforms
2 hours -
‘The Corporate Code’ launched to groom, nurture fresh graduates for corporate career
3 hours -
Man Utd closing in on £38m Ederson deal
3 hours -
Lands Minister spearheads 800-acre reclamation drive in Nkroful to reverse galamsey damage
3 hours -
Fernandez wants Chelsea exit but club would demand £120m
3 hours