Interest rates on T-Bills fall again as government rakes in GHS 6.74bn
Interest rates on T-Bills fall again as government rakes in GHS 6.74bn
Interest rates on the government’s Treasury Bills (T-Bills) for the 91-day, 182-day, and 364-day keep showing a downward trend.
Interest rates recorded on April 11, 2025, were 15.45%, 16.22% and 18.65% for the 91-day, 182-day, and 364-day securities respectively. A slight drop from the 15.65%, 16.5%, and 18.83% recorded in the previous auction.
However, the sustained decline in interest rates does not appear to have dampened the market’s desire for T-Bills, as investors are still choosing to play it safe given the turmoil in other investing markets for the past few years.
T-Bills auction on April 11, 2025 saw total bids of Ghc 6.87 billion across the 91, 182 and 364-day securities, however, the government accepted only Ghs 6.74 billion out of the 6.87 billion.
The auction resulted in a slight oversubscription as the government had set out a target of GH¢6.68 billion.
There’s therefore still some demand expected for the GH¢6.6 billion which the government plans to raise in its next auction.
