T-bills auction: Government exceeds target by 51%, interest rates fall again
For the first time in several months, the 91-day bill led the pack with GH¢6.2 billion of the bids tendered, representing 62.6% of the total bids.
The government's treasury bills auction exceeded expectations by 51.6%, raising GH¢9.93 billion while only accepting GH¢8.3 billion of the bids. For the first time in months, the 91-day bill led with GH¢6.2 billion of the bids, accounting for 62.6% of the total. The 182-day bill received GH¢1.9 billion in bids, and the 364-day bill garnered GH¢1.7 billion.
Interest rates continued to fall on the yield curve, with the 91-day bill's rate dropping 14 basis points to 4.80%, the 182-day bill's rate decreasing to 6.67% from 6.87%, and the 364-day bill's rate falling by 66 basis points to 10.11%.
Written by urgent.news from MyJoyOnline Ghana's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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