Audio By Carbonatix
Interest rates eased for the 8th week running on the treasury market but marginally.
Indeed, the yields on the treasury bills continued to ease in line with most analysts' forecasts.
According to the auction results by the Bank of Ghana, the rate on the 91-day bill went down by 70 basis points to 27.82%.
That of the 182-day bill also fell by 65 basis points remained unchanged at 29.74%.
The 364-day bill dropped to 30.29% from the previous 30.89%.
Meanwhile, the government recorded 11.20% oversubscription over the ambitious target of GH¢6.26 billion
It accepted all the bids submitted worth GH¢6.97 billion.
About GH¢3.41 billion, representing 48.94% came from the 91-day bill. All the bids were accepted.
The 182-day bill also received bids worth GH¢1.813 billion with the uptake being the same.
About GH¢1.74 billion were tendered for the one-year bill. All the bids were accepted.
| SECURITY | BIDS TENDERED (GH¢) | BIDS ACCEPTED (GH¢) |
| 91 Day Bill | 3.411 billion | 3.411 billion |
| 182 Day Bill | 1.813 billion | 1.813 billion |
| 364 Day Bill | 1.745 billion | 1.745 billion |
| Total | 6.970 billion | 6.970 billion |
| Target | 6.268 billion | |
Latest Stories
-
Ga Adangbe traditional priests petition Mahama over McDan aviation licence revocation
4 minutes -
Anti-LGBTQ Bill: NDC’s arrogance is worrying – Hassan Tampuli
14 minutes -
Let’s give OSP time to mature, not to scrap it – Hassan Tampuli
18 minutes -
Nigeria convicts 386 Islamist militants in mass trials
23 minutes -
Djibouti president wins election with 97.8% of vote, state media says
28 minutes -
We don’t have mandate to deduct tax from rent allowance of security services personnel – Interior Ministry clarifies
42 minutes -
Ablakwa receives Presidential Special Envoy on Reparations to advance global agenda
59 minutes -
Christina Koch becomes first woman to travel around the moon on Artemis II
1 hour -
Epstein survivors’ calls to meet King Charles and Queen harder to ignore as US visit approaches
1 hour -
UN Secretary-General names Ghana’s Anita Kiki Gbeho as South Sudan envoy
1 hour -
Mali withdraws recognition of Sahrawi Republic, backs Morocco’s autonomy plan
1 hour -
Gov’t distributes over 8,500 laptops to One Million Coders project
1 hour -
Julius Debrah, ‘man to beat’ as NDC’s James Agbey dismisses Musah Dankwah’s polls
1 hour -
GPRTU in Savannah Region to protest alleged eviction in Damongo
2 hours -
Re: Reinsurance does not replace process — A response to the SIGA–SIC defence
2 hours