The Government has exceeded its target in the latest Treasury Bills (T-Bill) auction, raising approximately GH¢11.4 billion compared to the target of GH¢9.32 billion.

Results from the Bank of Ghana’s Tender 1995 auction, held on Friday, February 20, showed strong investor demand across all maturities—91-day, 182-day, and 364-day bills. A total of GH¢25.2 billion in bids was submitted, with GH¢11.41 billion accepted by the Government.

For the 91-day bill, investors submitted GH¢8.61 billion in bids, of which GH¢3.19 billion was accepted. The 182-day bill recorded bids of GH¢7.22 billion, with GH¢2.45 billion accepted. The 364-day bill attracted the largest interest, receiving GH¢9.38 billion in bids, of which GH¢5.78 billion was taken up.

The weighted average interest rates were 6.45 per cent for the 91-day bill, 8.18 per cent for the 182-day bill, and 10.21 per cent for the 364-day bill.

The Government has set a target of GH¢5.81 billion for the next auction, Tender 1996, covering the same maturities.