Ghana's 91-day bill yield dips to 13.32 percent

By Kitco News / February 02, 2018 / www.kitco.com / Article Link

ACCRA, Feb 2 (Reuters) - The Bank of Ghana said the yield on its weekly 91-day bill eased to 13.32 percent at an auction on Friday from 13.35 percent at the last such sale, on Jan 26.

The bank said it had accepted all 157.8 million cedis ($35.16 million) worth of bids tendered for the bills, 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.

For full details, click here: ($1 = 4.4870 Ghanaian cedis)


(Reporting by Kwasi Kpodo; Editing by Joe Bavier)

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

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