Ghana Treasury bills · auction of 31 August 2020
Ghana T-bill auction, 31 August 2020: 91-day at 14.06%, up 2 bps
At the Treasury bill auction dated 31 August 2020, the Bank of Ghana cleared the 91-day bill at 14.06% (up 2 basis points) and the 182-day bill at 14.08% (down 3 basis points). The rate shown is the weighted average interest-rate equivalent.
Bids totalled GHS 807m and GHS 807m was accepted, 100% of what was bid.
Over the past year the 91-day rate has ranged from 13.86% to 14.76%.
A year earlier the 91-day bill cleared at 14.68%, so the government is paying 62 basis points less than twelve months ago.
What this means for GHS 10,000
Worked from the published rate · information, not advice
GHS 704 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 10,704 after 6 months: GHS 704 in interest before any withholding tax, about GHS 117 a month.
That is GHS 2 less than the same money would have earned at the previous auction.
For shorter money: GHS 352 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 | 14.060% | 14.037% | — | GHS 699m | GHS 699m |
| 182-day | 14.077% | 14.111% | — | GHS 108m | GHS 108m |
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, 31 August 2020, compiled from the Bank of Ghana. Retrieved 4 October 2026, from https://www.afronomicsfeed.com/markets/tbills/ghana/2020-08-31
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.