Government Treasury Bills auction records 13.61% oversubscription for second consecutive week

By Prince Antwi June 16, 2026

The government’s treasury bills auction recorded a 13.61% oversubscription for the second straight week, supported by increased investor demand amid higher interest rates across parts of the yield curve.

According to results released by the Bank of Ghana, total bids submitted reached GH¢8.43 billion, exceeding the government’s target of GH¢7.42 billion. Out of the amount tendered, GH¢8.29 billion was accepted.

The 91-day treasury bill emerged as the most sought-after instrument, attracting GH¢6.03 billion in bids, representing 71.5% of total subscriptions. The government accepted the entire amount offered by investors.

The 182-day bill received GH¢1.10 billion in bids, with GH¢1.04 billion accepted, while the 364-day bill recorded bids worth GH¢1.29 billion, of which GH¢1.21 billion was taken up.

Meanwhile, interest rates on the treasury bill market showed mixed performance during the auction period.

The yield on the 91-day bill edged up by 3 basis points to 5.04%, while the 364-day bill rose by 14 basis points to 10.97%.

In contrast, the yield on the 182-day bill declined marginally to 7.08%, compared to 7.09% recorded in the previous auction.

The latest auction outcome reflects sustained investor appetite for government securities despite varying movements in short- and medium-term interest rates.