Ghana Treasury bills · auction of 27 May 2024
Ghana T-bill auction, 27 May 2024: 364-day at 27.95%, unchanged
At the Treasury bill auction dated 27 May 2024, the Bank of Ghana cleared the 91-day bill at 25.10% (unchanged), the 182-day bill at 26.95% (unchanged) and the 364-day bill at 27.95% (unchanged). The rate shown is the weighted average interest-rate equivalent.
Bids totalled GHS 4.1bn and GHS 4.1bn was accepted, 100% of what was bid.
At 27.95%, the 364-day rate is the lowest in the 46 auctions of the past year.
A year earlier the 364-day bill cleared at 27.59%, so the government is paying 36 basis points more than twelve months ago.
What this means for GHS 10,000
Worked from the published rate · information, not advice
GHS 2,795 in 12 months on the 364-day bill
Put GHS 10,000 into the 364-day bill at this auction and you get back GHS 12,795 after 12 months: GHS 2,795 in interest before any withholding tax, about GHS 233 a month.
That is the same as at the previous auction.
For shorter money: GHS 1,347 on the 182-day bill (6 months), GHS 627 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 | 25.099% | 25.099% | — | GHS 3.05bn | GHS 3.05bn |
| 182-day | 26.950% | 26.950% | — | GHS 795m | GHS 795m |
| 364-day | 27.950% | 27.950% | — | GHS 269m | GHS 269m |
Source: Bank of Ghana result · weighted average interest-rate equivalent
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Afronomics (2026). Ghana Treasury bill auction, 27 May 2024, compiled from the Bank of Ghana. Retrieved 4 October 2026, from https://www.afronomicsfeed.com/markets/tbills/ghana/2024-05-27
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