The government raised GH¢2.93 billion through Treasury bills due in just 91 days, accounting for 71% of the GH¢4.11 billion it borrowed at its latest auction.

Bank of Ghana figures show that investors offered GH¢3 billion for the 91-day bill alone, nearly 60% of all bids. Its interest rate rose slightly from 4.54% to 4.56%.

The 182-day bill drew GH¢1.62 billion in bids, of which the government accepted GH¢934.50 million. Its interest rate fell from 6.26% to 6.20%.

Investors offered GH¢388.45 million for the 364-day bill, and the government accepted GH¢243.15 million. The rate fell from 9.60% to 9.48%.

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Across all three bills, investors submitted GH¢5.01 billion in bids, 41% above the government’s GH¢3.54 billion target.

The government accepted GH¢4.11 billion, about GH¢564 million more than planned. That put actual borrowing about 16% above target.

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The latest auction follows about GH¢14 billion in short-term borrowing by the government in October 2026.

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