Ghana Treasury bills · auction of 20 January 2020
Ghana T-bill auction, 20 January 2020: 91-day at 14.70%, up 1 bps
At the Treasury bill auction dated 20 January 2020, the Bank of Ghana cleared the 91-day bill at 14.70% (up 1 basis point) and the 182-day bill at 15.17% (unchanged). The rate shown is the weighted average interest-rate equivalent.
Bids totalled GHS 868m and GHS 868m was accepted, 100% of what was bid.
Over the past year the 91-day rate has ranged from 14.66% to 14.92%.
A year earlier the 91-day bill cleared at 14.63%, so the government is paying 8 basis points more than twelve months ago.
What this means for GHS 10,000
Worked from the published rate · information, not advice
GHS 758 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 10,758 after 6 months: GHS 758 in interest before any withholding tax, about GHS 126 a month.
That is the same as at the previous auction.
For shorter money: GHS 368 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 | 14.702% | 14.694% | — | GHS 585m | GHS 585m |
| 182-day | 15.169% | 15.173% | — | GHS 283m | GHS 283m |
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, 20 January 2020, compiled from the Bank of Ghana. Retrieved 3 October 2026, from https://www.afronomicsfeed.com/markets/tbills/ghana/2020-01-20
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.