| Period | Interest Rates |
| 91 – Day | 14.7010 % |
| 182 – Day | 15.1841 % |
After a successful Eurobond issuance last week which saw Ghana’s order book rise to five times the amount required, Treasury bill rates this week registered an uptick from previous week’s mixed performance.
This week, the yield on the 91-day bill rose marginally to build on previous week’s gain. It rose from 14.6947% posted last week to 14.7010% this week.
The 182-day bill posted its biggest rise in 2020 as it gained 4 basis points (bps) after 3 weeks of recording a decline. It soared from 15.1444% posted last week to 15.1841% this week, its highest in more than 6 months.
Week-on-Week Changes for 10th February, 2020
| 3-Feb-20 | 10-Feb-20 | CHANGE | PERCENTAGE CHANGE | |
| 91 – Day | 14.6947% | 14.7010% | 0.0063 | 0.0429% |
| 182 – Day | 15.1444% | 15.1841% | 0.0397 | 0.2621% |
Auction results from Bank of Ghana (BoG) tender 1680 further indicated that demand rose to beat the government’s intended target amount.
Total bids tendered for the 91-day and 182-day bills came in at GHC 861.12 million against the government’s target amount of GHC 711.00 million. The government accepted all bids tendered.
Next week, the government is expected to further increase its target amount to raise a total of GHC 1,037.00 million from 91-day, 182-day, and 364-day bills.