Demand for treasury bills increased as the government exceeded its target by about 12%.

This is coming after the government announced it would raise GHȼ15.3 billion in the final quarter of 2026.

The government received total bids of GH¢4.26 billion from the investors, but accepted GH¢3.9 billion.

A little over GH¢2.8 billion of the bids were tendered for the 91-day bill, representing 67% of the total bids. The uptake was, however, GH¢2.5 billion.

The 182-day bill received bids of about GH¢533.28 million. About GH¢ 420 million was accepted.

For the 364-day bill, about GH¢873 million of the bids were tendered. A little above GH¢420 million of the bids were accepted.

Meanwhile, interest rates went down on the shorter end of the yield curve, but rose on the longer end of the yield curve.

The yield on the 91-day bill declined by a basis point to 4.61%.

Again, the 182-day bill also fell to 6.27% from the previous week’s 6.31%.

However, the yield on the 364-day bill increased by 4.0 basis points to 9.75%.

SECURITIES	BIDS TENDERED (GH¢)	BIDS ACCEPTED (GH¢)
91 Day Bill	2.859bn	2.551bn
182 Day Bill	533.28	420.66m
364 Day Bill	873.69m	420.24m

Total	4.266bn	3.392bn
Target	2.869bn

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T-bills auction: Government exceeds target by 12%; 91-day and 182-day yields drop

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