Ghana’s 91-day bill yield steady at 13.34%

The Bank of Ghana said the yield on its weekly 91-day bill remained unchanged at 13.34 percent at an auction on Friday, compared to the last sale on March 9.

The bank said it had accepted 419.12 million cedis ($94.98 million) worth of bids of the 425.58 tendered for the paper, which will be issued on Monday.

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 a $918 million IMF-sponsored fiscal consolidation programme.

Source: reuters

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