Ghana Treasury bills · auction of 6 July 2026
Ghana T-bill auction, 6 July 2026: 364-day at 12.93%, up 11 bps
At the Treasury bill auction dated 6 July 2026, the Bank of Ghana cleared the 91-day bill at 5.87% (up 14 basis points), the 182-day bill at 7.79% (up 9 basis points) and the 364-day bill at 12.93% (up 11 basis points). The rate shown is the weighted average interest-rate equivalent.
Bids totalled GHS 4.2bn and GHS 3.2bn was accepted, 76% of what was bid.
Over the past year the 364-day rate has ranged from 9.35% to 15.42%.
A year earlier the 364-day bill cleared at 15.66%, so the government is paying 273 basis points less than twelve months ago.
What this means for GHS 10,000
Worked from the published rate · information, not advice
GHS 1,293 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 11,293 after 12 months: GHS 1,293 in interest before any withholding tax, about GHS 108 a month.
That is GHS 11 more than the same money would have earned at the previous auction.
For shorter money: GHS 389 on the 182-day bill (6 months), GHS 147 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 | 5.873% | 5.733% | — | GHS 1.69bn | GHS 1.63bn |
| 182-day | 7.788% | 7.693% | — | GHS 619m | GHS 436m |
| 364-day | 12.930% | 12.822% | — | GHS 1.86bn | GHS 1.10bn |
Source: Bank of Ghana result · weighted average interest-rate equivalent
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Afronomics (2026). Ghana Treasury bill auction, 6 July 2026, compiled from the Bank of Ghana. Retrieved 4 October 2026, from https://www.afronomicsfeed.com/markets/tbills/ghana/2026-07-06
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