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
-
Drug cartels may be seeing Ghana as easy route – Lenin Anane Agyei
35 minutes -
Ghana risks gaining notoriety as drug-trafficking hub – Bobby Banson
44 minutes -
Government dismissed my drug trafficking warning, then tried to arrest me – Ntim Fordjour
46 minutes -
Day Two: 3rd Republic Bank-JoyNews Habitat Fair Clinic underway at Junction Mall
46 minutes -
NACOC addressing inherited gaps in fight against drug trafficking – Deputy Director-General
59 minutes -
Taekwondo goes to school as GTF launches five-region youth campaign
1 hour -
The issues Mourinho is struggling to fix at Real Madrid
1 hour -
Hundreds throng EducationUSA College Fair in Kumasi in pursuit of abroad studies
1 hour -
Drug bust: NACOC should be part of port inspection team – Twum-Barimah
1 hour -
Ward appointed Liverpool’s sporting director
1 hour -
This isn’t the first cocaine bust; NPP must stop the politicisation – NACOC deputy boss
1 hour -
Drug bust case: Only Customs officers, MPS officials in scanning room – NACOC
2 hours -
I don’t mind being insulted; I have a crocodile skin – President Mahama
3 hours -
Samson’s Take: Verify the badge – and verify the story
3 hours -
President Mahama explains why Ghana must rethink regulation of TikTok, other new media platforms
3 hours