T-bills oversubscribed for eight consecutive weeks
The Bank of Ghana recorded a 30.31 percent oversubscription in its latest treasury bill auction on January 23, 2026, marking the eighth consecutive oversubscription of treasury bills.
A total of GH¢12.8 billion in bids was submitted, exceeding the government’s target of GH¢9.82 billion.
This reflects a heightened investment appetite for the security, with investors increasingly favoring short-term bills.
The 364-day bill attracted bids estimated at GH¢7.45 billion, of which the government accepted GH¢5.07 billion.
Government exceeds Treasury bill target in January auction
The 182-day bill received bids of approximately GH¢4.29 billion, with accepted bids totaling about GH¢4.28 billion.
The 91-day bill recorded bids of GH¢4.15 billion, of which nearly GH¢3.44 billion was accepted.
The yield on the 91-day bill remained steady at 11.19 percent, while the 182-day bill rose marginally to 12.66 percent from 12.64 percent at the previous auction.
Meanwhile, the yield on the 364-day bill increased by eight basis points to settle at 13.06 percent, reflecting sustained investor preference for longer-dated short-term government instruments.
SP/EB
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