At the upcoming Treasury Bills auction on Friday, January 24, 2025, interest rates are anticipated to level off.

Compiled By: Prince Henry Danquah, Bora Capital Advisors Ltd.

Interest rates are expected to stabilise in the next treasury bills auction on Friday January 24, 2025.

This is despite strong demand for the short-term instruments by the government to finance maturing bills. Interest rates are now hovering around 29% on the average.

Meanwhile, the government plans to borrow GH¢6 billion on Friday through the issuance of the 91-day, 182-day, and 364-day T-bills.

This will settle GH¢5.60 billion in maturing bills.

There had been strong investor participation in T-bills lately, driven by the opportunity to capitalise on the high-interest rate environment.

This is despite market expectations of a hold in this week’s monetary policy decision.

Source: newsthemegh.com