Ghana Treasury bills · auction of 7 June 2019
Ghana T-bill auction, 7 June 2019: 91-day at 14.75%, down 8 bps
At the Treasury bill auction dated 7 June 2019, the Bank of Ghana cleared the 91-day bill at 14.75% (down 8 basis points) and the 182-day bill at 15.24% (down 11 basis points). The rate shown is the weighted average interest-rate equivalent.
Bids totalled GHS 818m and GHS 806m was accepted, 98% of what was bid.
Over the past year the 91-day rate has ranged from 13.30% to 14.92%.
A year earlier the 91-day bill cleared at 13.24%, so the government is paying 151 basis points more than twelve months ago.
What this means for GHS 10,000
Worked from the published rate · information, not advice
GHS 762 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 10,762 after 6 months: GHS 762 in interest before any withholding tax, about GHS 127 a month.
That is GHS 5 less than the same money would have earned at the previous auction.
For shorter money: GHS 369 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 | 14.748% | 14.825% | — | GHS 764m | GHS 756m |
| 182-day | 15.245% | 15.350% | — | GHS 54m | GHS 50m |
Source: Bank of Ghana result · weighted average interest-rate equivalent
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Afronomics (2026). Ghana Treasury bill auction, 7 June 2019, compiled from the Bank of Ghana. Retrieved 3 October 2026, from https://www.afronomicsfeed.com/markets/tbills/ghana/2019-06-07
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