Interest rate on government’s Treasury Bills have gone up to 32.85% although the auction recorded an under subscription of about 2.7%.
At the end of the latest Treasury auction, government secured about GHC 2.49 billion although it targeted GHC 2.57 billion.
All bids tendered were accepted and a chunk of it came from the 91 day- bill.
Interest rate on the 1 year bill shot up to 32.85% from 32.5% the previous week.
That of the 182- day bill also went up from 30.67% to 30.92% and yields on the 91-day bill soared by 0.29% to 28.5%.
Nana Ama Nyamekye/Ahotoronline.com
