The cedi lost grounds to the three major international currencies in the week ending February 24. Despite coming under pressure, the greenback appreciated by 2.88 per cent against the Ghana cedi. The local currency closed trading at GH¢4.44, representing a year-to-date depreciation of 5.71 per cent. The Euro, which stood on the defensive in the … Read more
Yields on treasury securities continued their downturns as government’s appetite for short term securities declines. The week ending December 1 saw the rate of return on 91-day bill softening by 175 bps to 16.86 per cent. The yield on the 182-day treasury security also moderated to 19.62 per cent, down by 129 bps. The one-year … Read more
The 182-day treasury security rate decreased by two basis points to settle at 24.69 per cent. All other treasury securities maintained their respective yields at the close of the week. The government accepted all GH¢1,369.55 million worth of bids tendered at the auction held on Friday September 2, 2016. The total amount however exceeded the … Read more