Ghana Treasury bills · auction of 14 January 2019
Ghana T-bill auction, 14 January 2019: 364-day at 16.57%
At the Treasury bill auction dated 14 January 2019, the Bank of Ghana cleared the 91-day bill at 14.63% (up 3 basis points), the 182-day bill at 15.09% (up 4 basis points) and the 364-day bill at 16.57%. The rate shown is the weighted average interest-rate equivalent.
Bids totalled GHS 534m and GHS 534m was accepted, 100% of what was bid.
What this means for GHS 10,000
Worked from the published rate · information, not advice
GHS 1,657 in 12 months on the 364-day bill
Put GHS 10,000 into the 364-day bill at this auction and you get back GHS 11,657 after 12 months: GHS 1,657 in interest before any withholding tax, about GHS 138 a month.
For shorter money: GHS 754 on the 182-day bill (6 months), GHS 366 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 | 14.626% | 14.596% | — | GHS 471m | GHS 471m |
| 182-day | 15.086% | 15.045% | — | GHS 58m | GHS 58m |
| 364-day | 16.567% | — | — | GHS 6m | GHS 6m |
Source: Bank of Ghana result · weighted average interest-rate equivalent
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Afronomics (2026). Ghana Treasury bill auction, 14 January 2019, compiled from the Bank of Ghana. Retrieved 3 October 2026, from https://www.afronomicsfeed.com/markets/tbills/ghana/2019-01-14
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