| Period | Interest Rates |
| 91 – Day | 14.7261% |
| 182 – Day | 15.1744% |
After the Monetary Policy Committee (MPC) of the Bank of Ghana (BoG) stalled the policy rate at 16.0% for the third consecutive time, short-term Government of Ghana (GoG) Treasury bill rates posted a mixed performance this week. The committee noted that fiscal imbalances, as well as risks from the huge unbudgeted energy-sector related debts which could pose risks to the inflationary outlook informed its decision to stay the policy rate.
This week, the yield on the 91-day bill fell marginally from 14.7296% posted last week to 14.7261% this week.
The yield on the 182-day bill was little changed this week as it rose marginally to build on previous week’s tiny gain. It rose to 15.1744% this week from 15.1724% posted last week.
Week on week changes for 22nd July, 2019
| 15-Jul-19 | 22-Jul-19 | CHANGE | PERCENTAGE CHANGE | |
| 91 – Day | 14.7296% | 14.7261% | -0.0035 | -0.0238% |
| 182 – Day | 15.1724% | 15.1744% | 0.0020 | 0.0132% |
Auction results from Bank of Ghana (BoG) tender 1651 further showed that demand for the government’s short-term Treasury securities was just enough to marginally beat the government’s target amount.
Total bids tendered for both the 91-day and 182-day bills came in at GHC 788.98 against the government’s target amount of GHC 785.00 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 820.00 million from 91-day, 182-day, and 364-day bills.