The government missed its Treasury Bill target for the third straight week, raising GH₵4.61 billion against a goal of GH₵5.32 billion, a shortfall of 13%.
Increased competition from Bank of Ghana (BoG) bills continues to tighten demand.
BoG data shows the 91-day bill attracted GH₵3.75 billion in bids, followed by the 182-day bill with GH₵567 million and the 364-day bill at GH₵309 million.
Yields rose for all tenors: the 91-day bill climbed to 10.81% from 10.67% in the previous auction, while the 182-day and 364-day bills cleared at 12.49% and 12.95%, respectively.
The Bank of Ghana’s latest issuance calendar reveals that the government aims to raise GH₵75.7 billion locally between October and December 2025.
This includes GH₵67.52 billion to refinance maturing debt and GH₵8.18 billion in fresh issuance to cover net financing needs in Q4.
Story by: Mercy Addai Turkson #ahotoronline.com