Ghana Treasury Bill Rates Today
Current Ghana Treasury bill rates from Bank of Ghana, plus how 91-day, 182-day and 364-day bills work and how investors can access them.
Current Ghana Treasury Bill Rates
As of July 17, 2026, the latest official Ghana Treasury bill curve is shown below. Rates are dated auction observations in GHS; the page never substitutes a manually typed rate, bond coupon or price.
Source: Bank of Ghana Government of Ghana tender results. Full dated dataset: Ghana bond market.
What Are Treasury Bills in Ghana?
Ghana Treasury bills are short-term government securities issued or administered through Bank of Ghana. The standard market includes 91-day, 182-day and 364-day, with investors receiving the maturity value after buying the bill at the auction or secondary-market price.
Ghana's short-term government curve is centred on three bill maturities. The Bank of Ghana publishes the tender date, bids received, accepted amounts and weighted interest rates, allowing the current curve to be separated from older high-rate observations.
Local terminology: Government of Ghana Treasury bills, weighted interest rate and Primary Dealer. The official yield convention matters: discount rate, effective yield and weighted average yield are related but not interchangeable.
How to Buy Treasury Bills in Ghana
Retail investors normally place instructions through a licensed Primary Dealer bank or another authorised depository participant. The dealer confirms the amount, discount price, settlement date and maturity proceeds before submitting or filling the order.
Choose a regulated channel
Use an authorised bank, dealer, broker or official depository route that can identify the security and explain its fees.
Select the maturity
Compare the available 91-day, 182-day and 364-day bills using the same yield convention and a maturity that fits your cash needs.
Confirm price and settlement
Ask for the amount paid today, the maturity value, settlement date, charges and treatment if you need to sell before maturity.
Keep the allotment record
Retain the security reference, settlement confirmation and maturity instructions; verify that proceeds reach the nominated account.
How Treasury Bill Returns Work
Treasury bills are commonly issued at a discount: the investor pays less than the maturity value and receives the full face value when the bill matures. The cash gain is the maturity value minus the purchase amount, before fees and taxes.
An annualised auction rate is not the same as the percentage cash gain over a three- or six-month holding period. Investors should compare effective yields calculated on the same basis and confirm whether the published field is a discount rate, accepted yield or weighted average yield.
Recent Ghana Treasury Bill Auctions
Dated primary-market results. Amounts are shown in millions of GHS where the official release supplies them.
| Auction date | Tenor | Yield | Offered | Allotted |
|---|---|---|---|---|
| July 17, 2026 | 91-day | 5.7845% | — | 3,041.9m GHS |
| July 17, 2026 | 182-day | 7.6763% | — | 585m GHS |
| July 17, 2026 | 364-day | 12.9954% | — | — |
| July 10, 2026 | 182-day | 7.7884% | — | 1,058m GHS |
| July 10, 2026 | 364-day | 12.9916% | — | — |
| July 10, 2026 | 91-day | 5.8617% | — | 1,796.3m GHS |
| July 2, 2026 | 91-day | 5.8730% | — | 1,631.7m GHS |
| July 2, 2026 | 182-day | 7.7883% | — | 435.8m GHS |
| July 2, 2026 | 364-day | 12.9295% | — | — |
| June 26, 2026 | 91-day | 5.7329% | — | 1,342.1m GHS |
| June 26, 2026 | 182-day | 7.6933% | — | 378.8m GHS |
| June 26, 2026 | 364-day | 12.8218% | — | — |
| May 22, 2026 | 91-day | 4.9143% | — | 2,511.3m GHS |
| May 22, 2026 | 182-day | 7.0406% | — | 723.5m GHS |
| May 22, 2026 | 364-day | 10.3716% | — | — |
Treasury Bills vs Savings, Fixed Deposits and Bonds
| Instrument | Typical term | Return | Main considerations |
|---|---|---|---|
| Treasury bill | One year or less | Discount or auction yield | Sovereign, inflation, currency and early-sale risk |
| Savings account | On demand | Bank deposit interest | Liquidity, bank terms and deposit-protection limits |
| Fixed deposit | Agreed bank term | Fixed deposit rate | Early-withdrawal penalty and bank credit exposure |
| Government bond | More than one year | Coupon plus price movement | Duration, market-price, inflation and liquidity risk |
Ghana Treasury Bills FAQ
What are Ghana Treasury bill rates today?
The latest validated Ghana Treasury bill observations as of July 17, 2026 are 91-day: 5.7845%, 182-day: 7.6763%, 364-day: 12.9954%. Mansa Markets pulls these dated rates from Bank of Ghana Government of Ghana tender results; they are not manually entered estimates.
How can I buy Treasury bills in Ghana?
Retail investors normally place instructions through a licensed Primary Dealer bank or another authorised depository participant. The dealer confirms the amount, discount price, settlement date and maturity proceeds before submitting or filling the order. Access rules and minimum order sizes can change, so confirm the current requirements with a regulated institution before transferring money.
Are Ghana Treasury bills risk free?
Ghana Treasury bills are short-term obligations of the sovereign issuer and are generally treated as lower-credit-risk local-currency instruments. They are not free of inflation, currency, liquidity, reinvestment or sovereign risk, and selling before maturity can change the realised return.
What is the difference between a Treasury bill rate and return?
A quoted bill rate is an annualised auction measure, while the investor's cash return depends on the purchase price, maturity value, holding period, fees and tax treatment. Compare instruments using the same yield convention and maturity rather than comparing headline percentages alone.
How often do Ghana Treasury bill rates change?
Ghana rates can change at each weekly Government of Ghana securities tenders. Mansa Markets checks the official release pipeline and displays the underlying auction date, while this article is server-rendered on a six-hour cache window.