Interest rates for 91-day bills fall to 10.13%
The government’s latest Treasury Bill auction, held on August 15, 2025, resulted in an undersubscription of GH¢1.51 billion for the second consecutive week, as interest rates declined.
The Bank of Ghana failed to meet its target of GH¢4.242 billion after accepting bids worth GH¢2.728 billion out of the GH¢3.009 billion received.
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The 91-day bill received bids worth GH¢2.059 billion, but only GH¢2.023 billion was accepted.
For the 182-day bill, GH¢678 million was accepted from the total of GH¢537.69 million tendered.
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However, the 364-day bill saw a total of GH¢272.58 million being tendered, but only GH¢167.66 million was accepted.
Interest rates have, however, seen a constant decline as the rates on the 91-day bills fell to 10.13% from last week’s 10.20%.
The 182-day bill fell slightly to 12.23%, and the 364-day bill fell to 13.08%.
The government, however, is targeting GH¢6.426 billion from the 91-day, 182-day, and 364-day bills in its next auction on August 22, 2025.
SSD/EB