| Period | Interest Rates |
| 91 – Day | 14.7085% |
| 182 – Day | 15.1320% |
| 364 – Day | 18.0287% |
This week, short-term Government of Ghana (GoG) Treasury bill rates were little changed as the yield on the 91-day and 182-day bill posted a mixed performance reversing the trend of previous week’s mixed performance. The yield on both the 91-day and 182-day after witnessing a strong upward trajectory from the last quarter of 2018 stabilized after the Monetary Policy Committee (MPC) of the Bank of Ghana (BoG) lowered the policy rate from 17.0% to 16.0% at its last meeting in late January.
The yield on the 91-day bill recovered part of previous week’s tiny loss to post a marginal gain this week. It rose from 14.7079% last week to 14.7085%.
The yield on the 182-day bill failed to build on previous week’s gain. It weakened from 15.1324% recorded last week to 15.1320% this week.
The government also issued a 365-day Treasury bill which came in at a yield of 18.0287%, down from 18.1559% representing 13 basis points (bps) decline.
Week on week changes for 4th March, 2019
| 25-Feb-19 | 4-Mar-19 | CHANGE | PERCENTAGE CHANGE | ||
| 91 – Day | 14.7079% | 14.7085% | 0.0006 | 0.0041% | |
| 182 – Day | 15.1324% | 15.1320% | -0.0004 | -0.0026% | |
Auction results from Bank of Ghana (BoG) tender 1631 further showed that demand for the government’s short-term Treasury instruments failed to beat the government’s target amount. Total bids tender and accepted for the 91-day, 182-day and 365-day bills came in at GHC 679.55 million against the government’s target amount of GHC 958.00 million.
Next week, the government is expected to raise a total of GHC 862.00 million from 91-day and 182-day bills.
Treasury Yield Curve
