Treasury Rates For September 23rd 2019

Treasury Rates For September 23^rd 2019

Period	Interest Rates
91 – Day	14.6839%
182 – Day	15.1425 %
364 – Day	17.9106

Short-term Government of Ghana Treasury bill rates posted a mixed performance this week after the 91-day and 182-day bills rose marginally last week. This week’s Treasury bills performance comes after the Ghana Statistical Services rebased the consumer price index using 2018 as the reference period and reported August’s rate of inflation at 7.8%.

The yield on the 91-day bill fell by a 1 basis point (bps) to erase part of previous week’s 2 bps gain. It dipped to 14.6839% from 14.6967% posted last week.

The 182-day bill was little changed this week as it rose marginally from 15.1357% recorded last week to 15.1425%.

The yield on the 364-day bill rose marginally from 17.9098% to 17.9106% this week.

 

Week on week changes for 23^rd September, 2019

	16-Sep-19	23-Sep-19		CHANGE	PERCENTAGE CHANGE
91 – Day	14.6967%		14.6839%	-0.0128	-0.0871%
182 – Day	15.1357%		15.1425%	0.0068	0.0449%

Auction results from Bank of Ghana (BoG) tender 1660 further showed that demand for the government’s short-term Treasury instruments failed to beat expectations, forcing the government to accept all bids tendered.

Total bids tendered for the 91-day, 182-day, and 364-day bills stayed at GHC 811.29 million, narrowly missing the government’s target amount of GHC 843.00 million.

Next week, the government is expected to further increase its target amount to raise a total of GHC 965.00 million from 91-day, 182-day and 364 bills.