Ghana Treasury bills · auction of 10 October 2022
Ghana T-bill auction, 10 October 2022: 91-day at 30.96%, up 51 bps
At the Treasury bill auction dated 10 October 2022, the Bank of Ghana cleared the 91-day bill at 30.96% (up 51 basis points) and the 182-day bill at 31.94% (up 37 basis points). The rate shown is the weighted average interest-rate equivalent.
Bids totalled GHS 1.4bn and GHS 1.4bn was accepted, 100% of what was bid.
At 30.96%, the 91-day rate is the highest in the 38 auctions of the past year.
A year earlier the 91-day bill cleared at 12.47%, so the government is paying 1849 basis points more than twelve months ago.
What this means for GHS 10,000
Worked from the published rate · information, not advice
GHS 1,597 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 11,597 after 6 months: GHS 1,597 in interest before any withholding tax, about GHS 266 a month.
That is GHS 19 more than the same money would have earned at the previous auction.
For shorter money: GHS 774 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 | 30.963% | 30.453% | — | GHS 1.16bn | GHS 1.16bn |
| 182-day | 31.940% | 31.568% | — | GHS 201m | GHS 201m |
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, 10 October 2022, compiled from the Bank of Ghana. Retrieved 4 October 2026, from https://www.afronomicsfeed.com/markets/tbills/ghana/2022-10-10
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.