| Period | Interest Rates |
| 91 – Day | 14.7106% |
| 182 – Day | 15.1258% |
This week, short-term Government of Ghana (GoG) Treasury bill rates posted a mixed performance after the consumer price index fell to its lowest in 6 years. The inflation rate began the current year with a decline from 9.4% recorded in December, 2018 to 9.0%. Year-on-year, the rate of inflation fell by 130 basis points (bps) from a reported rate of 10.3% in January, 2018.
The yield on the 91-day bill was a little changed as it recorded a marginal gain to build on previous week’s advance. It rose from 14.7092% posted last week to 14.7106% this week.
The yield on the 182-day bill failed to build on previous week’s marginal gain as it weakened by 3 bps. It declined from 15.1537% last week to 15.1258% this week.
Week on week changes for 18th February, 2019
| 11-Feb-19 | 18-Feb-19 | CHANGE | PERCENTAGE CHANGE | |
| 91 – Day | 14.7092% | 14.7106% | 0.0014 | 0.0095% |
| 182 – Day | 15.1537% | 15.1258% | -0.0279 | -0.1841% |
Auction results from Bank of Ghana (BoG) tender 1629 further showed that in the absence of any medium to long-term Treasury instruments, demand for the government’s 91-day and 182-day bill failed to meet the government’s intended target amount of 698.00 million. Total bids tendered and accepted for the 91-day and 182-day came in at GHC 568.58 million.
Next week, the government is expected to reduce its target amount to raise a total of GHC 630.00 million from 91-day and 182-day bills.