The 91-day Treasury bill rate in Ghana is expected to trade within a range of 5.5% to 7.5% during the second half of 2026, while the 364-day Treasury bill could trade between 12.5% and 14.0%, according to Databank Research.
The outlook reflects the competing impact of the government’s cost-containment measures and increased financing requirements associated with upcoming financial obligations.
In its 2026 Half-Year Report, Databank Research indicated that active yield management could help prevent significant changes in Treasury bill rates. However, rising government financing needs are expected to maintain moderate upward pressure on interest rates during the period.
Current Ghana Treasury Bill Rates
The latest market levels place the 91-day Treasury bill yield at around 4.9%, while the 364-day Treasury bill yield is approximately 10%.
The projected movement in Treasury bill yields will be closely watched by investors, banks, pension funds and other participants in Ghana’s fixed-income market.
Treasury bills remain an important investment instrument in Ghana, providing short-term investment opportunities while also serving as a key source of government financing.
The expected increase in yields could influence investment decisions, money market returns and borrowing costs in the second half of 2026 as the government balances fiscal consolidation with its funding requirements.
Source: newsthemegh.com