T-bills auction: Interest rates tumbled to 24.85%; government’s target fell short by 1.35%

Interest rates across the yield curve dropped as inflation fell. The 91-day yield decreased to 24.85% from 25.03%, and the 182-day yield fell by 9 basis points to 26.82%.

The 364-day yield also dropped to 27.81% from 27.92%.

The government achieved a 1.35% oversubscription in T-bills sales, significantly lower than the previous week's 19.4%, securing GH¢4.833 billion against a GH¢4.900 billion target. Most bids, GH¢3.76 billion (77.9%), were for the 91-day bill.

The 182-day bill garnered GH¢924 million, while the 364-day bill attracted GH¢142.07 million, with all bids accepted.