Audio By Carbonatix
Interest rates tumbled for the 12th consecutive week in 2024 in line with most analysts forecasts.
According to results of treasury bills (T-bills) auction by the Bank of Ghana, interest rates continue to fall in line with the disinflation process.
The 91-day bill fell by 50 basis points to 25.99%.
The yield on the 182-day bill also took a nose dive to 28.49% from the previous week’s 28.99%.
Similarly, the 364-day bill went down by 50 basis points to 29.09%.
Meanwhile, the T-bills auction was oversubscribed by 41.15% to the tune of GH¢4.77 billion.
The government however accepted GH¢4.75 billion.
The 91-day bill was the most patronised with about GH¢2.50 billion tendered. The uptake was about GH¢2.48 billion.
The 182-day bill received bids worth GH¢1.34 billion. All were accepted.
For the 364-day bill, GH¢927.06 million were tendered. The uptake was also GH¢927.06 million.
| SECURITIES | BIDS TENDERED (GH¢) | BIDS ACCEPTED (GH¢) |
| 91 Day Bill | 2.504bn | 2.488bn |
| 182 Day Bill | 1.343bn | 1.343bn |
| 364 Day Bill | 927.06m | 927.06m |
| Total | 4.775bn | 4.758bn |
| Target | 3.383bn | |
Latest Stories
-
Breakfast: To skip or not to skip? An evidence-based perspective on weight management and overall health
12 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