Ghana's 91-day bill yield dips to 13.34 percent

By Kitco News / February 16, 2018 / www.kitco.com / Article Link

ACCRA, Feb 16 (Reuters) - The Bank of Ghana said the yield on its weekly 91-day bill dipped to 13.34 percent at an auction on Friday from 13.36 percent at the last such sale, on Feb. 9.

The bank said it had accepted all 447.14 million cedis ($100 million) worth of bids tendered for the paper, which will be issued on Monday.

Ghana's treasury bill yields have stayed 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.

For full details, click here: ($1 = 4.4702 Ghanaian cedis)


(Reporting by Kwasi Kpodo; Editing by Hugh Lawson)

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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