At the Treasury bill auction dated 1 June 2026, the Bank of Ghana cleared the 91-day bill at 4.99% (up 8 basis points), the 182-day bill at 7.04% (unchanged) and the 364-day bill at 10.46% (up 9 basis points). The rate shown is the weighted average interest-rate equivalent.
Bids totalled GHS 4.9bn and GHS 4.9bn was accepted, 99% of what was bid.
Over the past year the 364-day rate has ranged from 9.35% to 15.80%.
A year earlier the 364-day bill cleared at 16.00%, so the government is paying 554 basis points less than twelve months ago.
What this means for GHS 10,000
Worked from the published rate · information, not advice
GHS 1,046 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 11,046 after 12 months: GHS 1,046 in interest before any withholding tax, about GHS 87 a month.
That is GHS 9 more than the same money would have earned at the previous auction.
For shorter money: GHS 352 on the 182-day bill (6 months), GHS 125 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 | 4.990% | 4.914% | — | GHS 3.37bn | GHS 3.36bn |
| 182-day | 7.043% | 7.041% | — | GHS 750m | GHS 706m |
| 364-day | 10.459% | 10.372% | — | GHS 798m | GHS 798m |
Source: Bank of Ghana result · weighted average interest-rate equivalent
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Afronomics (2026). Ghana Treasury bill auction, 1 June 2026, compiled from the Bank of Ghana. Retrieved 4 November 2026, from https://www.afronomicsfeed.com/markets/tbills/ghana/2026-06-01
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