Investors looking for higher return on their investment could turn to Ghana’s securities market.
This is because the country has been ranked number one with the highest yield on its 91-day and 182-day Treasury bills among 12 countries surveyed.
Out of the 12 countries surveyed by Ecobank Research, Ghana recorded an interest rate of 21 and 21.34 percent respectively on its fixed income securities.
Malawi and The Gambia followed suit with interest rates of 14.92 and 20.17 percent and 14.76 and 16 respectively on their 91-day and 182-day Treasury bills.
Sierra Leone and South Africa recorded the least rates of 3.36 and 7.05 and 5.05 and 5.31 percent respectively on their 91-day and 182-day Treasury bill rates.
Meanwhile, the Bank of Ghana is expected to issue a new 7-year bond next month. This underlines the Central Bank’s aim of extending the yield curve to develop the bond market.
Interest rates remain high particularly at the short end of the yield curve, at around 22 percent for the weekly Treasury bills.