Results from the Bank of Ghana's weekly treasury bills auction indicate a little decline from subscriptions from the previous week.

The total subscription, which was GH2,015.85, was revealed at the December 23 auction.

Even though it exceeded the goal of GH1,438 million, the amount was less than what was obtained in the previous auction.

Following the 182-day bill, which had a loss of 0.50% to 36.03%, the 91-day T-Bill saw a dip of 0.64% to 34.93%.

On the other hand, interest rates also dropped to 35.36% for the 91-day bill and 35.90% for the 182-day bill.

The 91-day bill accepted GH¢1,413.86 million whiles the 182-day bill accepted GH¢601.99 million.

The reduction in interest rates in the last few weeks has been attributed to the debt exchange programme and the announcement that treasury bills were exempted from the programme.

Also, a reduction in the interest rate will mean that the yields on the bills will be less.