Interest rates experienced a further decline as the treasury bills auction garnered an overwhelming oversubscription of 46.7%. This noteworthy development coincided with a consecutive drop in headline inflation and a bilateral agreement between Ghana and its creditors regarding the restructuring of bilateral external debt.
This positive shift in economic dynamics indicates an anticipated improvement in the overall economic environment in the foreseeable future.
Specifically, the yield on the 91-day bill exhibited a reduction from the preceding 29.19% to the current 29.03%.
The 182-day bill also declined by 23 basis points to 31.51%.
For the 364-day bill, it also fell to 32.08% from 32.34% the preceding week.
Meanwhile, the government recorded a whopping 46.7% oversubscription of the short-term instruments to the tune of GH¢3.86 billion cedis.
