At the Treasury bill auction dated 13 April 2026, the Bank of Ghana cleared the 91-day bill at 4.91% (up 9 basis points), the 182-day bill at 6.78% (up 7 basis points) and the 364-day bill at 9.98% (up 14 basis points). The rate shown is the weighted average interest-rate equivalent.
Bids totalled GHS 5.3bn and GHS 5.1bn was accepted, 96% of what was bid.
Over the past year the 364-day rate has ranged from 9.35% to 18.62%.
A year earlier the 364-day bill cleared at 18.83%, so the government is paying 885 basis points less than twelve months ago.
What this means for GHS 10,000
Worked from the published rate · information, not advice
GHS 998 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 10,998 after 12 months: GHS 998 in interest before any withholding tax, about GHS 83 a month.
That is GHS 14 more than the same money would have earned at the previous auction.
For shorter money: GHS 339 on the 182-day bill (6 months), GHS 123 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 | 4.911% | 4.817% | — | GHS 4.44bn | GHS 4.43bn |
| 182-day | 6.776% | 6.710% | — | GHS 522m | GHS 522m |
| 364-day | 9.979% | 9.842% | — | GHS 349m | GHS 163m |
Source: Bank of Ghana result · weighted average interest-rate equivalent
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Afronomics (2026). Ghana Treasury bill auction, 13 April 2026, compiled from the Bank of Ghana. Retrieved 4 November 2026, from https://www.afronomicsfeed.com/markets/tbills/ghana/2026-04-13
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