Audio By Carbonatix
In line with a significant decline in inflation, interest rates returned to their downward path after going up for the second consecutive week.
The decrease in the rates is one of the biggest in recent times.
With inflation recording its biggest decline in 2023 to 26.4% in November 2023, interest rates fell across the yield curve.
According to the auction results by the Bank of Ghana, the rate on the 91-day T-bill eased to 29.04% from 29.58% the previous week.
The 182-day bill also went down to 31.96% from 31.13% previously.
Again, the one-year bill plummeted by 96 basis points to 32.49%.
Meanwhile, the government secured about ¢4.726 billion of the T-bills auction, about 18% oversubscription.
It however accepted ¢4.723 billion.
The 91-day bill was the most subscribed by ¢3.150 billion. This represented 66.6% of the total bids. All of the bids were accepted.
It was followed by the 364-day bill in which ¢794.44 million were tendered, but ¢791.75 million were accepted.
The 182-day bill saw a subscription of ¢782.05 million.
| SECURITIES | BIDS TENDERED (GH¢) | BIDS ACCEPTED (GH¢) |
| 91 Day Bill | 3.150 billion | 3.150 billion |
| 182 Day Bill | 782.05 million | 782.05 million |
| 364 Day Bill | 794.44 million | 791.75 million |
| Total | 4.726 billion | 4.723 billion |
| Target | 3.984 | |
Latest Stories
-
Vice President launches Mfantsipim’s 150 years of shaping Ghana’s greatest mind
17 minutes -
I assure Otumfuo, Mahama will join him to commission KNUST Teaching Hospital by end of this year – Haruna Iddrisu
58 minutes -
Gov’t to roll out free special education for persons with disabilities from July 1 – Education Minister
1 hour -
“We used it to test our officiating officials’ readiness” – Bawah Fuseini after CAA Athletics event
2 hours -
Volleyball emerges as Ghana’s fastest rising sport
2 hours -
National Sports Fund needs strong leadership from the top – Administrator David Wuaku
2 hours -
JoySports Exclusive: Steve McLaren in talks with GFA after expressing interest in Black Stars job
2 hours -
Fire guts auto parts warehouse at Bubuashie, one fire officer injured
2 hours -
I owe my victory to coach Ofori Asare – Allotey after winning WBA Africa Gold Super Flyweight belt
2 hours -
Church of Pentecost supports over 2,000 BECE candidates in Obuasi with career guidance seminar
4 hours -
Brandon Asante and Coventry all but promoted to Premier League despite Sheffield Wednesday draw
4 hours -
GPL 2025/26: Late Kwartemaa strike downs Hearts in Tema
5 hours -
Ghana Faces Sierra Leone Moment as Prosecutorial Powers come under strain
5 hours -
Don’t consume fish or seafood from Tema Shipyard until further notice – FDA warns
5 hours -
Why volunteering might be Africa’s most underrated career accelerator
5 hours