At the Treasury bill auction dated 2 November 2026, the Bank of Ghana cleared the 91-day bill at 4.60% (down 1 basis point), the 182-day bill at 6.26% (down 3 basis points) and the 364-day bill at 9.60% (down 7 basis points). The rate shown is the weighted average interest-rate equivalent.
Bids totalled GHS 2.5bn and GHS 1.9bn was accepted, 75% of what was bid.
Over the past year the 364-day rate has ranged from 9.35% to 13.09%.
A year earlier the 364-day bill cleared at 12.88%, so the government is paying 327 basis points less than twelve months ago.
What this means for GHS 10,000
Worked from the published rate · information, not advice
GHS 960 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 10,960 after 12 months: GHS 960 in interest before any withholding tax, about GHS 80 a month.
That is GHS 7 less than the same money would have earned at the previous auction.
For shorter money: GHS 313 on the 182-day bill (6 months), GHS 115 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 | 4.601% | 4.614% | — | GHS 1.51bn | GHS 1.23bn |
| 182-day | 6.263% | 6.293% | — | GHS 424m | GHS 396m |
| 364-day | 9.604% | 9.674% | — | GHS 614m | GHS 292m |
Source: Bank of Ghana result · weighted average interest-rate equivalent
Cite or reuse this data
Free to quote, chart and republish with the credit “Source: Afronomics, compiled from the Bank of Ghana” and a link to this page.
Afronomics (2026). Ghana Treasury bill auction, 2 November 2026, compiled from the Bank of Ghana. Retrieved 4 November 2026, from https://www.afronomicsfeed.com/markets/tbills/ghana/2026-11-02
Free · a two-minute read before 07:30, every weekday
The Afronomics Morning
Today’s rates, currencies and auction results before the day starts: what the T-bill paid this week, what moved overnight, what is due today. Every figure from the source.
Free when you sign up: our guide to where your shilling earns most — T-bills, money market funds, SACCOs and banks, after tax.