Treasury Rates for October 26th 2020

Security	Interest Rates
91 – Day Bill	14.0552%
182 – Day Bill	14.1177%

Short-term Government of Ghana Treasury bill rates rose this week to recover from previous week’s decline as demand for government assets continue to strengthen to beat expectations.

The 91-day bill gained 2 basis points (bps) this week recovering from previous week’s 2 bps dip. It rose from 14.0383% posted last week to 14.0552% this week.

The yield on the 182-day bill strengthened by 3 bps this week to recover parts of previous weeks’ declines. It rose to 14.1177% this week from 14.0851% recorded last week.

Week-on-Week Changes for 26^th October, 2020

	19-Oct-20	26-Oct-20	CHANGE	PERCENTAGE CHANGE
91 – Day	14.0383%	14.0552%	0.02	0.1204%
182 – Day	14.0851%	14.1177%	0.03	0.2315%

Auction results from Bank of Ghana (BoG) tender 1717 further showed that ahead of the December elections, investors continue to seek safety in government assets despite easing consumer prices.

A total of GHC 1,073.39 million bids were tendered for the 91-day and 182-day bills against the government’s target amount of GHC 1,027.00 million. The government accepted all bids tendered.

Next week, the government will be expected to reduce its intended target amount to raise a total of GHC 709.00 million from 91-day, 182-day and 364-day bills.