Gov’t misses treasury bill target amidst declining interest rates

The government slightly missed its target in the latest treasury bill auction. It secured GH¢5.2 billion against a target of GH¢5.38 billion. This represents an undersubscription of about 3.15 percent.

The auction took place on Friday, May 9, 2025. The government accepted all bids for the 91-day, 182-day, and 364-day bills. This shows continued investor interest despite falling interest rates, according to the Bank of Ghana.

An analysis of the results shows that the 91-day bill was most attractive to investors. Total bids for this bill reached GH¢3.8 billion. The 182-day bill received bids worth GH¢747.06 million, while the 364-day bill had bids totaling GH¢6