Ghana Treasury bills · auction of 19 March 2018
Ghana T-bill auction, 19 March 2018: 91-day at 13.34%, down 1 bps
At the Treasury bill auction dated 19 March 2018, the Bank of Ghana cleared the 91-day bill at 13.34% (down 1 basis point) and the 182-day bill at 13.91% (up 3 basis points). The rate shown is the weighted average interest-rate equivalent.
Bids totalled GHS 470m and GHS 463m was accepted, 99% of what was bid.
Over the past year the 91-day rate has ranged from 13.32% to 13.37%.
What this means for GHS 10,000
Worked from the published rate · information, not advice
GHS 696 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 10,696 after 6 months: GHS 696 in interest before any withholding tax, about GHS 116 a month.
That is GHS 2 more than the same money would have earned 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 | 13.343% | 13.349% | — | GHS 426m | GHS 419m |
| 182-day | 13.912% | 13.880% | — | GHS 44m | GHS 44m |
Source: Bank of Ghana result · weighted average interest-rate equivalent
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Afronomics (2026). Ghana Treasury bill auction, 19 March 2018, compiled from the Bank of Ghana. Retrieved 5 October 2026, from https://www.afronomicsfeed.com/markets/tbills/ghana/2018-03-19
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