Results from the weekly auction by the Bank of Ghana showed that interest has started declining slightly.
The interest rate for the 91-day bills was 34.92%, the 182-day bill was sold at 36.03% and the 365-day bill stood at 36.10%.
According to data from the Bank of Ghana, the government secured a 98.1% oversubscription of its target Treasury bills sale that was held on December 16, 2022.
The 91-day bill accepted GH¢2,393.02 million bids, the 182-day bill accepted GH¢691.43, and the 364-day bill accepted GH¢586.83 million bids.
For the 91-day, 182-day, and 365-day bills, a total of GH¢3971.28 million was accepted.
For three weeks running the treasury bill market experienced marginal patronage after the announcement of a debt exchange programme.
Source: www.ghanaweb.com
