Tbill Rate in Ghana: Insights for Short-Term Investments

The tbill rate in Ghana is a crucial indicator for investors looking to make the most of their short-term investments. In Ghana, the tbill rate is determined by the Bank of Ghana, which issues treasury bills to raise funds for the government.

For example, in 2020, the Bank of Ghana issued a 91-day treasury bill with a rate of 14.5%. This rate is significantly higher than the inflation rate at the time, making it an attractive option for investors seeking to earn a return on their investment.

In general, a high tbill rate in Ghana can be a sign of a strong economy, as it indicates that the government is able to borrow money at a relatively low cost. However, it's essential to consider other factors, such as inflation and economic growth, before making any investment decisions.

Ghana's treasury bill market has seen a significant surge in interest rates, with the 91-day bill yield increasing to 26.96% in the latest auction.

The government's target for the auction was missed by 16.81%, with only GH¢5.180 billion secured against a target of GH¢6.228 billion.

Interest rates have continued to rise for the fourth consecutive week, with the 182-day bill increasing to 27.78% and the 364-day bill up by 3 basis points to 29.21%.

The majority of bids came from the 91-day bill, with GH¢3.942 billion tendered, representing 76.1% of the total bids.

Here's a breakdown of the auction results:

The treasury bill rate in Ghana has seen significant fluctuations, with the 91-day bill rate increasing by 14 basis points to 26.96% in the latest auction.

The recent T-bill auction in Ghana was a notable event, with the government securing GH¢5.180 billion, but falling short of its target by 16.81%. This means they missed their target of GH¢6.228 billion.

The majority of bids came from the 91-day bill, with GH¢3.942 billion, representing 76.1% of the total bids, being tendered.

Interest rates continue to surge, increasing for the fourth consecutive week. The yield on the 91-day bill was up 14 basis points to 26.96%, while the interest rate on the 182-day bill increased to 27.78%.

Here's a breakdown of the bids tendered and accepted for each bill:

The rising interest rates will increase the cost of servicing the domestic instruments, which could have implications for the government's finances.

The 91-day T-bill yield in Ghana has been on a downward trend, dropping from 24.5% in 2020 to 18.5% in 2022.

Low yields on T-bills have made them a less attractive investment option, especially for risk-averse investors.

The current yield on 182-day T-bills is around 19%, making them a more attractive option for investors seeking higher returns.

Investors are turning to longer-term bonds, such as the 364-day T-bill, which offers a yield of around 20%.

Ghana's Treasury Bills (over 31 days) have been on a slight downward trend, with a yield of 23.36% as of July 2024. This is a decrease from the previous month's yield of 23.45%.

The yield for Treasury Bills over 31 days in Ghana is 23.36% as of July 2024. This is a notable decrease from the June 2024 yield.

Here's a brief look at the recent yields for Treasury Bills over 31 days in Ghana:

It's worth noting that the yield for Treasury Bills over 31 days in Ghana has been relatively stable in recent years, with some minor fluctuations.

T-bill yields are expected to remain elevated, and the recent auction results confirm this trend. The government's target fell short by GH¢1.07 billion, with a total of GH¢5.180 billion secured.

Interest rates have been surging for four consecutive weeks, with the yield on the 91-day bill increasing to 26.96%, a 14 basis point rise. This will undoubtedly increase the cost of servicing domestic instruments.

The 182-day bill saw a slight increase in interest rate to 27.78%, while the 364-day bill rose by 3 basis points to 29.21%. These rates are likely to have a significant impact on the economy.

Here's a breakdown of the recent auction results:

The data suggests that the government's target was missed by 16.81%, with the majority of bids coming from the 91-day bill.