| Period | Interest Rates |
| 91 – Day | 14.6850% |
| 182 – Day | 15.1398% |
This week, short-term Government of Ghana (GoG) Treasury bill rates were a little changed as the yield on the 91-day bill rose marginally to recover part of previous week’s 1 basis point (bps) dip while the yield on the 182-day erased parts of previous week’s 2 bps gain. Short-term Treasury instruments have maintained a stable trajectory in the second half of the year as the rate of inflation remains well anchored within the Bank of Ghana’s medium-term inflation target band.
The yield on the 91-day bill rose from 14.6850% posted last week to 14.6872% this week.
The yield on the 182-day bill fell from 15.1398% recorded last week to 15.1343% this week.
Week on week changes for 4th November, 2019
| 28-Oct-19 | 4-Nov-19 | CHANGE | PERCENTAGE CHANGE | |
| 91 – Day | 14.6850% | 14.6872% | 0.0022 | 0.0150% |
| 182 – Day | 15.1398% | 15.1343% | -0.0055 | -0.0363% |
Auction results from Bank of Ghana (BoG) tender 1666 further showed that demand for the government’s short-term securities beat expectations for the third consecutive time this week as investors continue to remain skeptical about corporate debt options.
Total bids tendered for the 91-day and 182-day bills came in at GHC 518.27 million against the government’s target amount of GHC 491.00 million. All bids tendered were subsequently accepted.
Next week, the government is expected to raise a total of GHC 700.00 million from 91-day, 182-day, and 364-day bills.
2019 91-Day and 182-Day Bills Trend
