Ghana’s 91-day bill yield rises to 13.36%

The Bank of Ghana said the yield on its weekly 91-day bill rose to 13.36 per cent at an auction on Friday from 13.32 per cent at the last such sale, on Feb. 2.

The bank said it had accepted all 415.4 million cedis ($93.5 million) worth of bids tendered for the paper, which will be issued on Monday.

Ghana’s treasury bill yields have fallen to around 13 percent in the past six months from 23 percent a year earlier as the government embarked on fiscal consolidation under a $918 million credit agreement with the International Monetary Fund.

Source: Graphic Online

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