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
-
Church of Pentecost supports over 2,000 BECE candidates in Obuasi with career guidance seminar
4 minutes -
Brandon Asante and Coventry all but promoted to Premier League despite Sheffield Wednesday draw
26 minutes -
GPL 2025/26: Late Kwartemaa strike downs Hearts in Tema
32 minutes -
Ghana Faces Sierra Leone Moment as Prosecutorial Powers come under strain
42 minutes -
Don’t consume fish or seafood from Tema Shipyard until further notice – FDA warns
47 minutes -
Why volunteering might be Africa’s most underrated career accelerator
53 minutes -
ActionAid Ghana raises concern over gender gaps in Feed Ghana Programme
55 minutes -
Windstorm wreaks havoc in Gushegu, displacing nearly 2,000 residents and damaging schools
58 minutes -
Friends of Bridget Bonnie Marks her 35th birthday with donation to Kasseh Model Health Centre
2 hours -
From Ekumfi Kokodo to the Pulpit Stage: Essi Donkor’s gospel journey takes shape
2 hours -
Landfilling waste management creates no value, it’s an economic waste
2 hours -
Photos: Speaker Bagbin Commissions MPs constituency office under parliamentary decentralisation programme
2 hours -
Black Stars technical advisor Winfried Schäfer sacked as GFA shakes up backroom staff
3 hours -
Wenchi water project almost complete, critical to gov’t agenda – GWL MD
3 hours -
Anti-LGBTQ+ bill not part of government’s legislative agenda – Inusah Fuseini
3 hours