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 |
