Ghana Treasury bills · auction of 30 March 2026
Ghana T-bill auction, 30 March 2026: 364-day at 9.77%, up 19 bps
At the Treasury bill auction dated 30 March 2026, the Bank of Ghana cleared the 91-day bill at 4.81% (up 3 basis points), the 182-day bill at 6.62% (up 26 basis points) and the 364-day bill at 9.77% (up 19 basis points). The rate shown is the weighted average interest-rate equivalent.
Bids totalled GHS 3.9bn and GHS 3.2bn was accepted, 82% of what was bid.
Over the past year the 364-day rate has ranged from 9.35% to 18.83%.
A year earlier the 364-day bill cleared at 18.85%, so the government is paying 908 basis points less than twelve months ago.
What this means for GHS 10,000
Worked from the published rate · information, not advice
GHS 977 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 10,977 after 12 months: GHS 977 in interest before any withholding tax, about GHS 81 a month.
That is GHS 19 more than the same money would have earned at the previous auction.
For shorter money: GHS 331 on the 182-day bill (6 months), GHS 120 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 | 4.812% | 4.782% | — | GHS 2.55bn | GHS 2.21bn |
| 182-day | 6.621% | 6.362% | — | GHS 763m | GHS 661m |
| 364-day | 9.774% | 9.583% | — | GHS 625m | GHS 359m |
Source: Bank of Ghana result · weighted average interest-rate equivalent
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Afronomics (2026). Ghana Treasury bill auction, 30 March 2026, compiled from the Bank of Ghana. Retrieved 5 October 2026, from https://www.afronomicsfeed.com/markets/tbills/ghana/2026-03-30
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