T-bills auction falls by GH¢2.33 billion as investor appetite weakens

The government has, for the fourth consecutive week, missed its treasury auction target, falling short of the GH¢6.83 billion goal by approximately GH¢2.33 billion.

According to data from the Bank of Ghana, the government raised GH¢4.49 billion, representing a shortfall of 33%.

The 91-day bill cleared at 10.92 per cent, while the 182-day and 364-day bills rose to 12.61 per cent and 13.01 per cent, respectively.

The 91-day bill attracted GH¢3.61 billion in bids, followed by the 182-day bill with GH¢617 million, and the 364-day bill secured GH¢282 million.

T-Bills: Auction target falls as BoG bills tighten competition

Interest rates continued to rise along the yield curve, with analysts attributing the shortfall to low investor appetite for treasury bills compared to other short-term investment instruments.

With Finance Minister Dr Cassiel Ato Forson expected to present the 2026 budget statement in Parliament on November 13, 2025, analysts are urging the government to allow rates to rise further to attract investors.

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