11th consecutive fall in Ghana's treasury bill auction interest rates due to lower inflation.

The Bank of Ghana reported a decline in interest rates during its latest treasury bill auction, marking the 11th consecutive fall, attributed to lower inflation. The 91-day bill's yield decreased from 26.74% to 26.50%, and the 182-day bill's yield dropped from 29.24% to 29%. The interest rate for the 364-day bill also fell from 29.85% to 29.60%. Despite the target being GH¢3.89bn, the government secured GH¢5.36bn from the auction, with substantial bids coming from the 91-day bill.

March 18, 2024
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