The Government of Ghana achieved its sixth straight Treasury bill oversubscription in the February 6, 2026 auction, signaling strong investor confidence and ample market liquidity. Bids poured in at a massive GHC17.242 billion far exceeding the GHC4.976 billion target.
Staying fiscally prudent, the government accepted only GHC5.826 billion across the three tenors.
Breakdown by Tenor:
364-Day Bill: GHC6.944 billion in bids; accepted GHC2 billion at 12.06% yield.
91-Day Bill: GHC6.572 billion in bids; accepted GHC2.521 billion at 9.97% yield.
182-Day Bill: GHC3.724 billion in bids; accepted GHC1.301 billion at 11.82% yield.
Key metrics highlight the enthusiasm:
Subscription rate: 117% (GHC5.826 billion accepted vs. GHC4.976 billion target).
Oversubscription rate: 246% (GHC17.242 billion bids vs. target).
This demand positions government securities as a top safe-haven option during economic recovery, with plenty of excess liquidity available. Next up: GHC6.415 billion targeted for the February 13 auction.
Story by : Mercy Addai Turkson #ahotorfmonline.com