| Period | Interest Rates |
| 91 – Day | 14.6984% |
| 182 – Day | 15.1376% |
This week, short-term Government of Ghana (GoG) Treasury bill rates climbed up concurrently for the first time in two months in line with a rise in the consumer price index. According to the Ghana Statistical Services, the inflation rate for October rose from 7.6% to 7.7% on the back of increases in transport fares and prices of petroleum products.
The yield on the 91-day bill gained 1 basis points (bps) this week to recover from previous week’s marginal dip. It rose from 14.6875% posted last week to 14.6984% this week, its highest in 14 weeks.
The 182-day bill rose marginally from 15.1360% to 15.1376% to build on previous week’s gain.
Week on week changes for 25th November, 2019
| 18-Nov-19 | 25-Nov-19 | CHANGE | PERCENTAGE CHANGE | |
| 91 – Day | 14.6875% | 14.6984% | 0.0109 | 0.0742% |
| 182 – Day | 15.1360% | 15.1376% | 0.0016 | 0.0106% |
Auction results from Bank of Ghana (BoG) tender 1669 further showed that demand for the government’s short-term securities failed to meet the intended target amount after weeks of increased demand.
Total bids tendered for the 91-day and 182-day bills came in at GHC 867.56 million against the government’s target amount of GHC 918.00 million. All bids tendered were accepted.
Next week, the government is expected to reduce its target to raise GHC 663.00 million from 91-day, 182-day, and 364-day bills.
