The Central Bank of Nigeria sold treasury bills last week for between 9% – 10% last week. The Bank of Ghana also sold Treasury Bills last week and as reuters reports this was the yield.
The Bank of Ghana said the yield on its 91-day bill rose to a fresh three-year high of 24.3% at Friday’s auction, from 24% percent at the last sale.
The Bank said it accepted all 610.67 million cedis ($182.3 million) worth of bids tendered for the 91-day paper.
Don’t you just love that yield? Ghana’s inflation rate is currently 15% as reported last week by reuters.