Treasury bill rates edge up across all maturities

Interest rates on Government of Ghana Treasury bills increased marginally across all maturities in the latest auction conducted by the Bank of Ghana.

The yield on the 91-day Treasury bill rose to 5.87 percent from 5.73 percent recorded in Auction 2013, while the 182-day bill increased to 7.79 percent from 7.69 per cent.

The 364-day Treasury bill climbed to 12.93 percent from 12.82 percent, remaining the highest-yielding instrument among the three securities.

According to the Bank of Ghana, the increases were recorded in Auction 2014 compared with the previous auction.

The central bank also said bids worth billions of cedis were submitted for the three Treasury bill instruments, reflecting strong investor participation in the auction.