The government has missed its T-bills target by 13% for a third straight week

The government has missed its Treasury Bill target again by 13%, raising GH¢4.61 billion against the intended GH¢5.32 billion.

This marks the third consecutive week of auction shortfalls amid growing competition from BoG bills.

Data from the Bank of Ghana shows that the 91-day bill recorded GH¢3.75 billion in bids.

The 182-day bill followed with GH¢567 million, while the 364-day bill drew GH¢309 million.

Government misses T-bill target

The 91-day bill rose to 10.81 percent from 10.67 percent at the previous auction, while the 182-day and 364-day tenors cleared at 12.49 percent and 12.95 percent, respectively.

According to the Bank of Ghana’s latest issuance calendar, the government intends to raise a gross amount of GH¢75.7 billion from the domestic market between October and December 2025.

The amount includes GH¢67.52 billion to refinance maturing obligations and GH¢8.18 billion in fresh issuances to meet net financing needs for the fourth quarter.

SP/AE

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