Interest rates on government securities have fallen sharply, reflecting improving conditions in Ghana’s financial market, with short‑term Treasury bill rates dropping significantly between January 2025 and June 2026.

Presenting the 2026 Mid-Year Fiscal Policy Review in Parliament on July 23, 2026, Finance Minister Dr Cassiel Ato Forson said the 91‑day Treasury bill rate declined from 28.5% in January 2025 to 5.7% by June 2026, while the 182‑day bill rate dropped from 29.1% to 7.7% over the same period.

“The 91‑day Treasury bill rate, a benchmark for the cost of short‑term borrowing in Ghana, declined from 11.09 percent in December 2025 to 5.73 percent in June 2026, representing a 536 basis point reduction,” he noted.

Similarly, the 364‑day Treasury bill rate fell from 30.4% in January 2025 to 12.8% by June 2026.

The decline in Treasury bill rates forms part of broader economic indicators highlighted by government as evidence of improved macroeconomic stability and renewed investor confidence.

Lower rates suggest reduced borrowing costs for government and easing pressure on domestic financing, following periods of elevated interest rates driven by economic uncertainty.



DR/SA