Treasury Rates For October 14th 2019

Treasury Rates For October 14^th 2019

Period	Interest Rates
91 – Day	14.6916%
182 – Day	15.1372%

Short-term Government of Ghana Treasury bill rates further maintained its relative stability this week as both the yields on the 91-day and 182-day bills were little changed from previous week’s rates. This week’s Treasury bill performance comes ahead of the announcement of the rate of inflation for September, the second after the Ghana Statistical Service rebased the consumer price index using 2012 as the base year.

The yield on the 91-day bill gained this week to recover previous week’s loss. It rose from 14.6832% posted last week to 14.6916% this week.

The 182-day bill fell by a 1 basis point this week after four weeks of posting successive marginal gains. It weakened to 15.1372% from 15.1462% posted last week.

 

Week on week changes for 14^th October, 2019

	7-Oct-19	14-Oct-19	CHANGE	PERCENTAGE CHANGE
91 – Day	14.6832%	14.6916%	0.0084	0.0572%
182 – Day	15.1462%	15.1372%	-0.0090	-0.0594%

Auction results from Bank of Ghana (BoG) tender 1663 further showed that demand for the government’s short-term instruments remained weak as general confidence in the financial sector begins to pick-up.

Total bids tendered for the 91-day and 182-day bills came in at GHC 600.76 million against the government’s target amount of GHC 678.00 million. All bids tendered were accepted.

Next week, the government is expected to raise a total of GHC 632.00 million from 91-day, 182-day, and 364-day bills.