Posted 1/15/2024, 7:56:24 AM
T-Bill Auction Sees Falling Rates and Robust Demand, Signaling Improved Economic Outlook
- Interest rates on 91-day, 182-day, and 364-day T-bills declined in latest auction
- Government recorded 46.7% oversubscription of T-bills, to the tune of GH¢3.86 billion
- Demand was strongest for 91-day bills, with 100% of GH¢2.837 billion in bids accepted
- All GH¢185.04 million in bids were accepted for 364-day bills
- Declines in interest rates and strong demand signal improved economic outlook going forward