T-bills auction: Government records 41% oversubscription; but yield on 91-day bill increases
The government exceeded its treasury bills target by 41% to GH¢5.01 billion, according to the Bank of Ghana auction results. 364 Day Bill388.45m243.15m Total5011.96bn4106.65bn Target3.543bn
The government exceeded its treasury bills target by 41% to GH¢5.01 billion, according to the Bank of Ghana auction results. This follows the government borrowing of about GH¢14 billion through short-term instruments in October 2026. The bids accepted by the government were GH¢4.10 billion, higher than the targeted amount. A little over GH¢3.0 billion of the bids came from the 91-day bill, representing 59% of the total bids.
The uptake was about GH¢2.9 billion. The 182-day bill also received bids of about GH¢1.6 billion. However, GH¢934.50 million was accepted. About GH¢388 million of the bids were tendered for the 182-day bill. A little above GH¢243.15 million of the bids were accepted. Meanwhile, interest rates were mixed along the yield curve. The yield on the 91-day bill went up by 2.0 basis points to 4.56%.
However, the 182-day bill declined to 6.20% from the preceding week’s 6.26%. Also, the yield on the 364-day bill decreased by 12.0 basis points to 9.48%. SECURITIESBIDS TENDERED (GH¢)BIDS ACCEPTED (GH¢) 91 Day Bill 3.004bn2.929bn 182 Day Bill1.619bn934.50m 364 Day Bill388.45m243.15m Total5011.96bn4106.65bn Target3.543bn
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