Audio By Carbonatix
Interest rates tumbled again as the government returned to oversubscription of treasury bills sale.
According to the auction results by the Bank of Ghana, the yield on the 91-day bill eased by 10 basis points to 25.44%.
That of the 182-day bill also went down to 27.39% from the previous 27.64%.
The 364-day bill also fell by 21 basis points to 27.99%.
Based on the current happenings, interest rates will continue to decline since inflation has gone down significantly by more than 17% from a a high of 43.1% in July 2023.
Meanwhile, the government recorded 17.06% oversubscription of the T-bills sale. It secured GH¢3.46 billion, as against a target of GH¢2.960 billion.
The 91-day bill constituted the highest of GH¢2.01 billion, representing about 58% of the total bids.
It was followed by the 182-day bill. GH¢1.139 billion was tendered and the uptake was GH¢1.139 billion.
For the 364-day bill, GH¢315.20 million was received.
| SECURITIES | BIDS TENDERED(GH¢) | BIDS ACCEPTED (GH¢) |
| 91-Day Bill | 2.010 billion | 2.010 billion |
| 182-Day Bill | 1.139 billion | 1.139 billion |
| 364-Day Bill | 315.20 million | 315.20 million |
| Total | 3.46 billion | 3.46 billion |
| Target | 2.960 billion | |
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