{"id":190687,"date":"2024-06-19T08:08:32","date_gmt":"2024-06-19T08:08:32","guid":{"rendered":"https:\/\/www.ghanamma.com\/2024\/06\/19\/interest-rates-tumbled-to-24-85-governments-target-fell-short-by-1-35\/"},"modified":"2024-06-19T08:08:32","modified_gmt":"2024-06-19T08:08:32","slug":"interest-rates-tumbled-to-24-85-governments-target-fell-short-by-1-35","status":"publish","type":"post","link":"https:\/\/www.ghanamma.com\/2024\/06\/19\/interest-rates-tumbled-to-24-85-governments-target-fell-short-by-1-35\/","title":{"rendered":"Interest rates tumbled to 24.85%; government\u2019s target fell short by 1.35% \u2013"},"content":{"rendered":"

<\/p>\n

\n

Interest rates tumbled once again across the yield curve, in line with falling inflation.<\/p>\n

The 91-day yield eased to 24.85% from the prior week\u2019s 25.03%.<\/p>\n

That of the 182-day also went down by 9.0 basis points to 26.82%.<\/p>\n

Similarly, the 182-day bill also declined to 27.81% from the earlier 27.92%.<\/p>\n

Meanwhile, the government recorded 1.35% oversubscription of the T-bills sale, far lower than the 19.4% recorded the preceding week.<\/p>\n

It got a total of GH\u00a24.833 billion, as against a target of GH\u00a24.900 billion.<\/p>\n

A chunk of the bids came from the 91-day bill.<\/p>\n

About GH\u00a23.76 billion was mobilised, representing 77.9% of the total bids. The uptake was the same as the bids tendered.<\/p>\n

Similarly, GH\u00a2924 million came from the 182-day bill. All the bids were accepted.<\/p>\n

For the 364-day bill, GH\u00a2142.07 million of the bids were tendered and all were accepted.<\/p>\n

\n\n\n\n\n\n\n\n\n\n\n
SECURITIES<\/strong><\/td>\nBIDS TENDERED<\/strong>\u00a0(GH\u00a2)<\/td>\nBIDS ACCEPTED (<\/strong>GH\u00a2)<\/td>\n<\/tr>\n
91 Day Bill<\/td>\n3.767 billion<\/td>\n3.767 billion<\/td>\n<\/tr>\n
182 Day Bill<\/td>\n924.19 million<\/td>\n924.19 million<\/td>\n<\/tr>\n
364 Day Bill<\/td>\n142.07 million<\/td>\n142.07 million<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Total<\/strong><\/td>\n4.833 billion<\/td>\n\u00a0<\/td>\n<\/tr>\n
Target<\/strong><\/td>\n4.900 billion<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/figure>\n

Source<\/strong>:\u00a0Joy Business<\/p>\n

<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"

Interest rates tumbled once again across the yield curve, in line with falling inflation. The 91-day yield eased to 24.85% from the prior week\u2019s 25.03%. That of the 182-day also went down by 9.0 basis points to 26.82%. Similarly, the 182-day bill also declined to 27.81% from the earlier 27.92%. Meanwhile, the government recorded 1.35% […]<\/p>\n","protected":false},"author":1,"featured_media":111331,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9],"tags":[],"class_list":["post-190687","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business"],"yoast_head":"\nInterest rates tumbled to 24.85%; government\u2019s target fell short by 1.35% \u2013 - Ghanamma.com<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.ghanamma.com\/2024\/06\/19\/interest-rates-tumbled-to-24-85-governments-target-fell-short-by-1-35\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Interest rates tumbled to 24.85%; government\u2019s target fell short by 1.35% \u2013 - Ghanamma.com\" \/>\n<meta property=\"og:description\" content=\"Interest rates tumbled once again across the yield curve, in line with falling inflation. 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