Ghana Treasury bills · auction of 5 March 2018
Ghana T-bill auction, 5 March 2018: 91-day at 13.37%, up 3 bps
At the Treasury bill auction dated 5 March 2018, the Bank of Ghana cleared the 91-day bill at 13.37% (up 3 basis points) and the 182-day bill at 13.89% (down 1 basis point). The rate shown is the weighted average interest-rate equivalent.
Bids totalled GHS 657m and GHS 657m was accepted, 100% of what was bid.
At 13.37%, the 91-day rate is the highest in the 9 auctions of the past year.
What this means for GHS 10,000
Worked from the published rate · information, not advice
GHS 694 in 6 months on the 182-day bill
Put GHS 10,000 into the 182-day bill at this auction and you get back GHS 10,694 after 6 months: GHS 694 in interest before any withholding tax, about GHS 116 a month.
That is the same as at the previous auction.
For shorter money: GHS 334 on the 91-day bill (3 months).
The government pays the full amount at maturity; the risk is Ghana’s government not paying, and the money is locked until then.
Results
By tenor
| Tenor | Rate | Previous | Offered | Bids | Accepted |
|---|---|---|---|---|---|
| 91-day | 13.373% | 13.348% | — | GHS 552m | GHS 552m |
| 182-day | 13.889% | 13.897% | — | GHS 105m | GHS 105m |
Source: Bank of Ghana result · weighted average interest-rate equivalent
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Afronomics (2026). Ghana Treasury bill auction, 5 March 2018, compiled from the Bank of Ghana. Retrieved 4 October 2026, from https://www.afronomicsfeed.com/markets/tbills/ghana/2018-03-05
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