Search
Close this search box.

Gov’t secures about GH¢3bn from T-bills; interest rates remain stable

Facebook
Twitter
LinkedIn
WhatsApp
Telegram
Email

Government secured GH¢2.99 billion from the treasury bills market at its last auction surpassing its target of GH¢2.65 billion.

This oversubscription was achieved as interest rates remained stable on the yield curve.

It signals a slight rebound in the demand for the short term instrument.

Majority of the bids came from the 91-day T-bills.  GH¢2.36 billion was tendered. The uptake was the same.

GH¢573 million was tendered for the 182-day bill. All the bids were accepted.

For the 364-day bill, GH¢64 million was tendered and all was taken.

Interest rates for all tenors remained the same.

The three-month bill stayed at 24.87%.  That of the six months and one year T-Bills stayed at 26.8 and 27.78 % respectively.

Share this post :

Facebook
Twitter
LinkedIn
WhatsApp
Telegram
Email