Ghana Treasury bills · auction of 24 February 2020
Ghana T-bill auction, 24 February 2020: 91-day at 14.75%, up 6 bps
At the Treasury bill auction dated 24 February 2020, the Bank of Ghana cleared the 91-day bill at 14.75% (up 6 basis points) and the 182-day bill at 15.17% (down 1 basis point). The rate shown is the weighted average interest-rate equivalent.
Bids totalled GHS 744m and GHS 744m 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 14.71%, so the government is paying 4 basis points more than twelve months ago.
What this means for GHS 10,000
Worked from the published rate · information, not advice
GHS 759 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 10,759 after 6 months: GHS 759 in interest before any withholding tax, about GHS 126 a month.
That is the same as 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 | 14.754% | 14.697% | — | GHS 676m | GHS 676m |
| 182-day | 15.174% | 15.183% | — | GHS 68m | GHS 68m |
Source: Bank of Ghana result · weighted average interest-rate equivalent
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Afronomics (2026). Ghana Treasury bill auction, 24 February 2020, compiled from the Bank of Ghana. Retrieved 5 October 2026, from https://www.afronomicsfeed.com/markets/tbills/ghana/2020-02-24
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