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Ghana's 91-day bill yield rises to 13.36 pct

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: here%201572.pdf ($1 = 4.5250 Ghanaian cedis) (Reporting by Kwasi Kpodo; Editing by Hugh Lawson)