Ghana Treasury bills · auction of 22 June 2026
Ghana T-bill auction, 22 June 2026: 364-day at 11.36%, up 39 bps
At the Treasury bill auction dated 22 June 2026, the Bank of Ghana cleared the 91-day bill at 5.31% (up 26 basis points), the 182-day bill at 7.13% (up 5 basis points) and the 364-day bill at 11.36% (up 39 basis points). The rate shown is the weighted average interest-rate equivalent.
Bids totalled GHS 4.2bn and GHS 4.2bn was accepted, 100% of what was bid.
Over the past year the 364-day rate has ranged from 9.35% to 15.66%.
A year earlier the 364-day bill cleared at 15.74%, so the government is paying 438 basis points less than twelve months ago.
What this means for GHS 10,000
Worked from the published rate · information, not advice
GHS 1,136 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 11,136 after 12 months: GHS 1,136 in interest before any withholding tax, about GHS 95 a month.
That is GHS 39 more than the same money would have earned at the previous auction.
For shorter money: GHS 357 on the 182-day bill (6 months), GHS 133 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 | 5.305% | 5.042% | — | GHS 2.26bn | GHS 2.26bn |
| 182-day | 7.132% | 7.080% | — | GHS 803m | GHS 803m |
| 364-day | 11.361% | 10.976% | — | GHS 1.15bn | GHS 1.15bn |
Source: Bank of Ghana result · weighted average interest-rate equivalent
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Afronomics (2026). Ghana Treasury bill auction, 22 June 2026, compiled from the Bank of Ghana. Retrieved 4 October 2026, from https://www.afronomicsfeed.com/markets/tbills/ghana/2026-06-22
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