29.6 C
Accra
Wednesday, April 24, 2024
BusinessInterest rates fall, gov't exceeds T-bills target by 41%

Date:

Interest rates fall, gov’t exceeds T-bills target by 41%

spot_img

Interest rates continued their downward trend for the 12th consecutive week in 2024, aligning with analysts’ forecasts and the disinflation process.

Results from the treasury bills (T-bills) auction by the Bank of Ghana (BoG) indicated falling interest rates.

- Advertisement -

The 91-day bill decreased by 50 basis points to 25.99%, while the yield on the 182-day bill dropped to 28.49% from the previous week’s 28.99%.

Similarly, the 364-day bill declined by 50 basis points to 29.09%.

- Advertisement -

The T-bills auction was oversubscribed by 41.15%, reaching GH¢4.77 billion, but the government accepted GH¢4.75 billion. The 91-day bill was the most popular, with about GH¢2.50 billion tendered and an uptake of about GH¢2.48 billion.

The 182-day bill received bids worth GH¢1.34 billion, all of which were accepted.

Latest stories

‘Dumsor’ will be over in the next few days – ECG Board Chair assures Ghanaians

Chairman of the governing board of the Electricity Company...

Newmont pays GHS1.295bn in taxes for Q1 2024 to govt

Newmont's African Business Unit reported that in the first...

We have not received our bonuses – African Games medalists

Medal winners from the 2023 African Games have criticized...

Arnold Schwarzenegger admits Sylvester Stallone rivalry helped his career

American actor Arnold Schwarzenegger and Sylvester Stallone recently shared...

Pregnant women at Akwapim South Municipality benefit from portable ultrasound machines from ICDP Ghana

The International Child Development Program (ICDP) Ghana launched the...

This is what you need to do after you receive your I-20

Complete the DS-160 form by providing the following details...

Related stories

Newmont pays GHS1.295bn in taxes for Q1 2024 to govt

Newmont's African Business Unit reported that in the first...

Ghana Standards Authority to introduce online standards purchase before end of 2024

Acting Director of the Certification Directorate at the Ghana...

Drivers roll out 20% fare increase despite warning by govt

Public transportation costs have surged by a minimum of...

COCOBOD CEO must be dismissed immediately – CSO tells govt

A civil society organization, United Voices for Change (UVC),...

Increase in tax or petrol sales not due to SML – Bright Simons

Vice President of IMANI Africa, Bright Simons, has expressed...

By the end of May 2024, ‘dumsor’ will come to an end – Ayeh-Paye assures Ghanaians

Responding to demands for a load-shedding schedule from ECG,...

LEAVE A REPLY

Please enter your comment!
Please enter your name here