ACCRA, Jan 12 (Reuters) - The Bank of Ghana said the yield on its weekly 91-day bill edged up to 13.36 percent at an auction on Friday from 13.32 percent at the last such sale on Jan 5.
The bank said it had accepted 497.89 million cedis ($110 million) worth of bids out of the 498.39 million cedis tendered for the paper, which will be issued on Monday.
Ghana's treasury bill yields, which were around 23 percent a year ago, have eased steadily as the government has cut down on excessive borrowing under an IMF assistance programme that has also helped renew investor confidence in the economy.
For full details, click here: ($1 = 4.5250 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.