Treasury Rates For October 7th 2019
| Period | Interest Rates |
| 91 – Day | 14.6832% |
| 182 – Day | 15.1462% |
| 364 – Day | 17.9108% |
Short-term Government of Ghana Treasury bill rates maintained its relative stability amidst expectations of high inflation rate on the back of an upward adjustment in transport fares and communication service tax. This week, the yields on the 91-day and 182-day bills were little changed as they posted a mixed performance after a marginal climb the previous week.
The yield on the 91-day bill fell marginally this week to erase previous week’s tiny gain. It dipped from 14.6899% posted last week to 14.6832% this week.
The 182-day bill was little changed this week as it rose marginally to build on previous weeks’ gains. It rose from 15.1455% recorded last week to 15.1462%, its fourth successive rise in a row.
The yield on the 364-day bill posted a recovery from previous week’s marginal dip as it rose to 17.9108% this week from 17.9081% recorded the previous week.
Week on week changes for 7th October, 2019
| 30-Sep-19 | 7-Oct-19 | CHANGE | PERCENTAGE CHANGE | |
| 91 – Day | 14.6899% | 14.6832% | -0.0067 | -0.0456% |
| 182 – Day | 15.1455% | 15.1462% | 0.0007 | 0.0046% |
Auction results from Bank of Ghana (BoG) tender 1662 further showed that demand for the government’s short-term Treasury papers failed to meet expectations as this week’s Treasury auction was hit with under subscription.
Total bids tendered for the 91-day, 182-day, and 364-day bills stayed at GHC 404.11 million against the government’s target amount of GHC 868.00 million. All bids tendered were accepted.
Next week, the government is expected to further reduce its target amount to raise a total of GHC 678.00 million from 91-day and 182-day.