Ghana’s 91-Day Bill Yield Dips to 13.31%

The Bank of Ghana said the yield on its weekly 91-day bill eased to 13.31 percent at an auction on Thursday, compared to 13.36 percent at the last sale on March 23.

The bank said it had accepted all 250.8 million cedis ($56.78 mln) worth of bids tendered for the paper, which will be issued on Tuesday.

Ghana’s treasury bill yields have steadied around 13 percent since August after falling from 23 percent a year earlier as the government embarked on debt refinancing under a $918 million IMF-sponsored fiscal consolidation programme.

Source: Reuters