| Period | Interest Rates |
| 91 – Day | 14.6961% |
| 182 – Day | 15.1573% |
| 364 – Day | 17.8998% |
Short-term Government of Ghana (GoG) Treasury bill rates posted a mixed performance this week after two weeks of continuous strengthening in line with a sharp rise in the consumer price index. According to data released by the Ghana Statistical Service, inflation rate for November, 2019 rose to 8.2% from 7.7% in October on the back of increases in the prices of imported and food items.
The yield on the 91-day bill was little changed this week as it fell marginally to 14.6961% from 14.6969% posted the previous week.
The 182-day bill remained on track to touch its highest in 5 months as it extended its upward trajectory for the sixth consecutive time this week. It rose to 15.1573% this week from 15.1490% posted the previous week.
The 364-day bill rose this week to build on previous week’s 7 basis point gain. It rose from 17.8964% posted last week to 17.8998% this week.
Week on week changes for 23rd December, 2019
| 16-Dec-19 | 23-Dec-19 | CHANGE | PERCENTAGE CHANGE | |
| 91 – Day | 14.6969% | 14.6961% | -0.0008 | -0.0054% |
| 182 – Day | 15.1490% | 15.1573% | 0.0083 | 0.0548% |
Auction results from Bank of Ghana (BoG) tender 1673 further indicated that demand for the government’s short-term securities failed to meet the government’s ambitious target amount.
Total bids tendered for the 91-day, 182-day, and 364-day bills came in at GHC 1,060.78 million against the government’s target amount of GHC 1,352.00 million. All bids tendered were accepted.
Next week, the government is expected to reduce its target amount to raise a total of GHC 764.00 million from 91-day and 182-day bills.
