At the Treasury bill auction dated 3 August 2026, the Bank of Ghana cleared the 91-day bill at 5.76% (down 3 basis points), the 182-day bill at 7.64% (down 5 basis points) and the 364-day bill at 12.98% (up 2 basis points). The rate shown is the weighted average interest-rate equivalent.
Bids totalled GHS 10.5bn and GHS 8.7bn was accepted, 82% of what was bid.
Over the past year the 364-day rate has ranged from 9.35% to 13.10%.
A year earlier the 364-day bill cleared at 14.74%, so the government is paying 176 basis points less than twelve months ago.
What this means for GHS 10,000
Worked from the published rate · information, not advice
GHS 1,298 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 11,298 after 12 months: GHS 1,298 in interest before any withholding tax, about GHS 108 a month.
That is GHS 2 more than the same money would have earned at the previous auction.
For shorter money: GHS 382 on the 182-day bill (6 months), GHS 144 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 | 5.762% | 5.788% | — | GHS 2.27bn | GHS 973m |
| 182-day | 7.641% | 7.689% | — | GHS 758m | GHS 501m |
| 364-day | 12.982% | 12.967% | — | GHS 7.47bn | GHS 7.18bn |
Source: Bank of Ghana result · weighted average interest-rate equivalent
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Afronomics (2026). Ghana Treasury bill auction, 3 August 2026, compiled from the Bank of Ghana. Retrieved 4 November 2026, from https://www.afronomicsfeed.com/markets/tbills/ghana/2026-08-03
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