The government, after six consecutive weeks of falling short of its Treasury targets, has bounced back on the market with a 110% oversubscription as investors move into short-term debt instruments.

The auction held on Friday, November 28, 2025, saw the government tendering GH¢6.03 billion across the 91, 182, and 364-day bills, of which the Treasury accepted GH¢5.78 billion, almost double its GH¢2.86 billion target.

According to auction data from the Bank of Ghana, the 91-day bill dominated, recording GH¢2.57 billion in bids and accepting GH¢2.56 billion.

The 182-day bill followed with GH¢1.64 billion tendered and GH¢1.62 billion accepted, while the 364-day bill attracted GH¢1.81 billion, with GH¢1.58 billion accepted.

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

Yields on the 91-day bill dipped to 11.05%, down from 11.13% previously, while the 182-day bill also fell to 12.43% from 12.68%.

The 364-day bill cleared at 13.08%.

In the upcoming auction scheduled for Friday, December 5, 2025, the government is targeting to raise GH¢5.08 billion in its next T-bills auction.

SP/EB

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