What Is the 364-Day Treasury Bill Rate in Ghana Today?
12.9954% at the Bank of Ghana auction issued 2026-07-20, up 0.00 points on the week before. A bill bought at this auction matures on 19 July 2027. This is the curve story — here is what it pays, what it has paid, and how it compares with the other two tenors.
364-day rate
auction 2026-07-20
vs last week
week-on-week
Real return
after 5.3% inflation
Matures
364 days from issue
This is an educational calculator, not financial advice. Rates shown are the Bank of Ghana's published weekly auction results (source: bog.gov.gh) and change every week. The rate your bank executes may differ slightly, and banks may apply their own minimums or charges. Tax treatment shown reflects the statutory position for resident individuals — confirm your own situation with the GRA or your bank. Past rates do not predict future rates. accra.cool is not a licensed investment advisor and does not recommend any investment, tenor, or institution. Verify current rates at bog.gov.gh before investing.
The 364-day: the curve story
The 364-day is where the interesting thing in Ghana's yield curve is happening. At 12.9954% it pays about 7.2 percentage points more than the 91-day for the same credit and the same issuer — a gap far wider than a normal term premium. Against inflation of 5.3% that is a real return near 7.7 percentage points, which is a genuinely strong riskless return and the best Ghanaian savers have had in years. There are two honest readings of why the gap exists, and they point in opposite directions. One is that the market expects short rates to stay low or fall further as disinflation continues, in which case today's long rate is a yield that will not be available again for a while. The other is pure term premium: lenders want serious compensation for tying money up for twelve months in an economy that ran 54% inflation within recent memory and restructured its domestic bonds. Which reading is right decides whether locking now looks clever or costly in a year, and nobody knows. What is arithmetic rather than opinion: rolling the 91-day four times at today's rate gives about 5.89%, against 12.96% here. For rolling to win, short rates would have to rise substantially and soon.
What the 364-day has paid
364-day
33 auctions
32.08% → 13.00%
-19.09pp
Bank of Ghana auction results, real published rows only — no interpolated points. The path down was not smooth: the 91-day peaked near 35.7% in February 2023, fell sharply once the domestic debt exchange completed, drifted back up through the second half of 2024, then dropped through two steep falls in early 2025 and early 2026 as inflation collapsed. May 2026 is absent because those auction notices were not retrievable — we leave the gap rather than fill it.
Calculate a 364-day return
Locked to this tenor at the current auction rate. Enter your amount.
Auto-filled from the Bank of Ghana auction. Resident individuals are exempt on government securities; tick the box to see the net if withholding applies to you.
Value at maturity (364 days)
₵11,295.98
Interest earned ₵1,295.98
| You invest | ₵10,000.00 |
| Rate × 364/365 | 12.9954% |
| Gross interest | ₵1,295.98 |
| At maturity | ₵11,295.98 |
Real return is the annualised rate less inflation of 5.3% (our price data).
Assumes the published Bank of Ghana auction rate; your bank's executed rate may differ slightly. Ghana uses an actual/365 day count, so a 364-day bill earns 364/365 of the annual rate.
All three tenors this week
Common questions
- 12.9954% — the interest rate at the Bank of Ghana auction issued 2026-07-20. The discount rate on the same bill is 11.5008%. Rates are set weekly, so this changes every Monday.
Have a question we should answer? Email hello@accra.cool.
This is an educational calculator, not financial advice. Rates shown are the Bank of Ghana's published weekly auction results (source: bog.gov.gh) and change every week. The rate your bank executes may differ slightly, and banks may apply their own minimums or charges. Tax treatment shown reflects the statutory position for resident individuals — confirm your own situation with the GRA or your bank. Past rates do not predict future rates. accra.cool is not a licensed investment advisor and does not recommend any investment, tenor, or institution. Verify current rates at bog.gov.gh before investing.
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