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
-
Breakfast: To skip or not to skip? An evidence-based perspective on weight management and overall health
11 minutes -
Breast Cancer survivor Miriam Ablah Anani breaks silence on infertility stigma, abandonment and cancer battle
1 hour -
Enough of the Insults: Mahama, Bawumia must help reset Ghana’s political discourse
2 hours -
Mission schools have the right to remain 100% Christian – Christian Apologetic Alliance
4 hours -
UG reopens portal for applicants to review entries after WASSCE results
5 hours -
Ampem Darkoa Ladies miss out on CAF Champions League qualification after penalty shootout loss
6 hours -
Herbal Medicine: Less than 15% practitioners registered
8 hours -
Road inspections not a witch-hunt against contractors — Agbodza
9 hours -
HTU clinic upgraded to primary hospital after HeFRA inspection
9 hours -
“When I am gone, just like Kwame Nkrumah people will appreciate me” – Kurt Okraku
9 hours -
“I love people who are not only critical but constructive” – Kurt Okraku
9 hours -
TECNO’s Modular Phone and TAURUS win gold at IFA 2026, recognising breakthroughs in mobile and gaming technology
10 hours -
Youth Forum in Accra calls for debt cancellation, reparations and African economic independence
10 hours -
Dr Abu Sakara urges African youth to seize global upheaval for economic emancipation
10 hours -
Fulham booed off after third defeat in a row
10 hours