The government missed its treasury bill target for the first time in 2025.
According to auction results by the Bank of Ghana, the government recorded an 18% under-subscription of the sale of the short-term instruments.
The government got GH¢4.99 billion from the T-bills auction. It however accepted GH¢ 3.31 billion.
A chunk of the bids came from the 91-day bill as GH¢ 3.63 billion, representing 72.7% of the total bids were tendered.
The 182-day bill however received bids worth GH¢741.38 million. However, the uptake was GH¢ 574.49 million.
For the 364-day bill, the bids tendered were estimated at GH¢ 622.7 million. However, GH¢406.07 million were accepted.
Meanwhile, interest rates remained relatively unchanged across the yield curve.
The yield on the 91-day T-bill fell by only 12 basis points to 15.85%.
However, that of the 182-day bill was unchanged at 16.92%.
The rate on the 364-day bill fell marginally to 18.84 from the previous week’s 18.96%.
| SECURITIES | BIDS TENDERED (GH¢) | BIDS ACCEPTED (GH¢) |
| 91 Day Bill | 3.631bn | 2.339bn |
| 182 Day Bill | 741.38m | 574.49m |
| 364 Day Bill | 622.07m | 406.07m |
| Total | 4.994bn | 3.31bn |
| Target | 6.142bn |
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