Ghana Treasury bills · auction of 16 April 2018
Ghana T-bill auction, 16 April 2018: 91-day at 13.36%, up 3 bps
At the Treasury bill auction dated 16 April 2018, the Bank of Ghana cleared the 91-day bill at 13.36% (up 3 basis points) and the 182-day bill at 13.87% (down 2 basis points). The rate shown is the weighted average interest-rate equivalent.
Bids totalled GHS 535m and GHS 533m was accepted, 100% of what was bid.
Over the past year the 91-day rate has ranged from 13.31% to 13.37%.
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 GHS 1 less 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 | 13.364% | 13.334% | — | GHS 468m | GHS 468m |
| 182-day | 13.873% | 13.891% | — | GHS 67m | GHS 65m |
Source: Bank of Ghana result · weighted average interest-rate equivalent
Cite or reuse this data
Free to quote, chart and republish with the credit “Source: Afronomics, compiled from the Bank of Ghana” and a link to this page.
Afronomics (2026). Ghana Treasury bill auction, 16 April 2018, compiled from the Bank of Ghana. Retrieved 4 October 2026, from https://www.afronomicsfeed.com/markets/tbills/ghana/2018-04-16
Free, every weekday at 7:00
The Afronomics Morning
Africa’s markets before 7am: the currencies that moved overnight, the auction results that landed, what is due today and the headlines that matter. Plus the Weekly every Monday.