Treasury Rates For October 21st 2019

Treasury Rates For October 21^st 2019

Period	Interest Rates
91 – Day	14.6907%
182 – Day	15.1185%
364 – Day	17.9040%

This week, short-term Government of Ghana (GoG) Treasury bill rates fell across board in line with a drop in the consumer price index. Data released by the Ghana Statistical Service indicated that the inflation rate for September dipped from 7.8% to 7.6% as stable prices of some non-food inflation items normalized the pass-through effects of an upward adjustment in the prices of petroleum products and transport fares.

The yield on the 91-day bill was little changed this week after posting a 1 basis point (bps) gain the previous week. It fell from 14.6916% posted last week to 14.6907% this week.

The yield on the 182-day bill dipped by 2 bps this week to its lowest in 25 weeks. It fell to 15.1172% from 15.1372% recorded last week.

The 364-day affirmed the gradual decline in short-term GoG Treasury bill rates as it weakened by a 1 bps. It fell from 17.9108% to 17.9040% this week.

 

Week on week changes for 21^st October, 2019

	14-Oct-19	21-Oct-19	CHANGE	PERCENTAGE CHANGE
91 – Day	14.6916%	14.6907%	-0.0009	-0.0061%
182 – Day	15.1372%	15.1185%	-0.0187	-0.1235%

Auction results from Bank of Ghana (BoG) tender 1664 further showed that demand for the government’s short-term instruments rose to beat the target amount after weeks of sluggish demand.

Total bids tendered for the 91-day, 182-day, and 364-day bills came in at GHC 746.57 million against the government’s target amount of GHC 632.00 million. The government accepted all bids tendered for the 182-day and 364-day bills at GHC 69.45 million and GHC 69.43 million respectively and GHC 528.39 million out of GHC 607.69 million bids for the 91-day bill.

Next week, the government is expected to raise a total of GHC 762.00 million from 91-day and 182-day bills.