Audio By Carbonatix
Interest rates fell for the 11th week running as demand for the Treasury bills continued to surge.
The declining yields will reduce the government's cost of borrowing albeit marginally.
The yield on the 91-day bill fell by 25 basis points to 26.49%.
That of the 182-day also eased to 28.99% from 29.24% the previous week.
Similarly, the 364-day bill went down by 25 basis points to 29.59%.
Meanwhile, the government recorded about 37.7% oversubscription of the short-term instruments.
It secured GH¢5.36 billion from the auction of the T-bills.
A chunk of the offer came from the 91-day bill.
About GH¢3.728 billion, representing 69.28% were tendered, which all were accepted.
For the 182-day bill, GH¢1.078 billion were tendered. The uptake was GH¢1.067 billion.
The 364-day bill received bids worth GH¢574.31 million. All the bids tendered were accepted.
Analysts believe the yields on the short-term instruments will continue to ease in line with inflation expectations.
| SECURITIES | BIDS TENDERED (GH) | BIDS ACCEPTED |
| 91-Day Bill | 3.728bn | 3.728bn |
| 182-Day Bill | 1.078bn | 1.067bn |
| 364-Day Bill | 574.31m | 574.31m |
| Total | 5.381bn | |
| Target | 3.891bn | |
Latest Stories
-
Bristol University threatened with legal action after protest at academic’s talk
14 minutes -
US launches review of advanced Nvidia AI chip sales to China, sources say
28 minutes -
2 nurses, security guard arrested over alleged baby theft at Tamale hospital
39 minutes -
Elon Musk becomes first person worth $700 billion following pay package ruling
51 minutes -
Fussy eaters and TV remote hogs: How to avoid family rows over Christmas
1 hour -
Singing at school shouldn’t just be for Christmas, teachers say
1 hour -
Pan-African Progressive Front Advances Reparatory Justice at Accra Diaspora Summit
1 hour -
Japan prepares to restart world’s biggest nuclear plant, 15 years after Fukushima
1 hour -
India express train kills seven elephants crossing tracks
2 hours -
TTU’s number-one ranking due to research commitment – Vice-Chancellor
2 hours -
US pursuing third oil tanker linked to Venezuela, official says
2 hours -
At least 13 photos removed from justice department Epstein files website
2 hours -
Margins sets example in Urban Renewal and Climate Resilience
2 hours -
Rights groups condemn new record number of executions in Saudi Arabia
2 hours -
Another 130 abducted schoolchildren released in Nigeria
2 hours