For the First Time in Weeks, 45.9% of the T-bills Auction is Under Subscription
Ghana’s short-term debt auction has recorded an under subscription, with bids falling short by 45.9% equivalent to GH¢2.82 billion for the first time in several weeks
Treasury Bills
Treasury bill rates fall below 20% for the first time in 20 months.
The falling T-bill rates signal a shift in the government’s borrowing strategy
BoG Governor: Declining Treasury Bill Rates Could Make Cedi Weaker
Governor of the Bank of Ghana, Dr. Johnson Asiama, has warned that the continued decline in interest rates on government Treasury bills could threaten the stability of the cedi.
Treasury bills auction: Government records 47.5% oversubscription; rising interest rates continue unabated
The government recorded 47.5% oversubscription of treasury bills auction, the 4th consecutive time this year.
Gov’t acquires GH¢8.8 billion in T-bills as interest rates hit 30%
This led to an oversubscription of 39.14 percent in the money market.
Government Records 55% Oversubscription In T-bills; Interest Rates Through The Roof
According to action results by the Bank of Ghana, the government got a remarkable GH¢8.075 billion from the sale of the short-term instruments though it was looking for GH¢5.198 billion to refinance the maturing bills.
Government Records Over GH¢1 Billion Oversubscription In Its First Treasury Bills’ Auction In 2025
The auction received total bids amounting to GH¢5.371.75 billion, exceeding the target of GH¢4.326 billion by GH¢1.045.75 billion.