Ghana Treasury bills · auction of 9 December 2024
Ghana T-bill auction, 9 December 2024: 364-day at 29.91%, up 3 bps
At the Treasury bill auction dated 9 December 2024, the Bank of Ghana cleared the 91-day bill at 27.60% (up 24 basis points), the 182-day bill at 28.32% (up 22 basis points) and the 364-day bill at 29.91% (up 3 basis points). The rate shown is the weighted average interest-rate equivalent.
Bids totalled GHS 5.2bn and GHS 5.2bn was accepted, 100% of what was bid.
Over the past year the 364-day rate has ranged from 27.79% to 32.49%.
A year earlier the 364-day bill cleared at 33.44%, so the government is paying 354 basis points less than twelve months ago.
What this means for GHS 10,000
Worked from the published rate · information, not advice
GHS 2,991 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 12,991 after 12 months: GHS 2,991 in interest before any withholding tax, about GHS 249 a month.
That is GHS 3 more than the same money would have earned at the previous auction.
For shorter money: GHS 1,416 on the 182-day bill (6 months), GHS 690 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 | 27.603% | 27.362% | — | GHS 3.01bn | GHS 3.01bn |
| 182-day | 28.316% | 28.098% | — | GHS 1.83bn | GHS 1.83bn |
| 364-day | 29.906% | 29.879% | — | GHS 360m | GHS 360m |
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, 9 December 2024, compiled from the Bank of Ghana. Retrieved 5 October 2026, from https://www.afronomicsfeed.com/markets/tbills/ghana/2024-12-09
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.