| Period | Interest Rates |
| 91 – Day | 14.7586 % |
| 182 – Day | 15.1772 % |
| 364 – Day | 17.8028 % |
Short-term Government of Ghana Treasury bill rates posted a mixed performance this week after consumer prices in February remained unchanged from the levels recorded in January, 2020. According to the latest data released by the Ghana Statistical Service, inflation rate stayed at 7.8% in February as prices on petroleum products declined marginally.
The yield on the 91-day bill rose marginally to build on previous week’s 1 basis points (bps) gain. It rose from 14.7502% posted last week to 14.7586% this week, its highest since end-June, 2019.
The 182-day bill failed to build on previous week’s 1 bps gain. It declined to 15.1772% this week from 15.1899% posted the previous week.
The 364-day bill posted its second consecutive weekly gain as it rose to a month high. It gained 1 bps to 17.8028% this week from 17.7874% posted last week.
Week-on-Week Changes for 16th March, 2020
| 9-Mar-20 | 16-Mar-20 | CHANGE | PERCENTAGE CHANGE | |
| 91 – Day | 14.7502% | 14.7586% | 0.0084 | 0.0569% |
| 182 – Day | 15.1899% | 15.1772% | -0.0127 | -0.0836% |
Auction results from Bank of Ghana (BoG) tender 1685 further indicated that demand failed to meet the government’s intended target amount after weeks of weakened demand.
Total bids tendered for the 91-day, 182-day, and 364-day bills came in at GHC 889.68 million, against the government’s target amount of GHC 1,000.00 million. The government accepted all bids tendered.
Next week, the government is expected to significantly reduce its target amount to raise a total of GHC 754.00 million from 91-day and 182-day.
