The government has recorded a 38% oversubscription of its treasury bills for the second consecutive week.

According to data from the Bank of Ghana, investor interest remained strong across all tenors, with slight increases in the yields on the 91-day and 182-day bills.

Government aimed to raise GH¢5.80 billion but received total bids amounting to GH¢8.01 billion. Out of this, GH¢6.95 billion was accepted.

The 91-day bill accounted for the bulk of subscriptions, attracting more than 61% of total bids. Investors tendered GH¢4.9 billion, with GH¢4.0 billion accepted.

For the 182-day bill, bids totalled GH¢2.09 billion, of which GH¢1.85 billion was accepted.

The 364-day bill also saw strong demand, with GH¢1.01 billion tendered and slightly over GH¢1.0 billion accepted.

On the yield curve, short-term rates continued to inch upward.


  • The 91-day bill increased by 3 basis points to 11.08%.


  • The 182-day bill rose to 12.55% from the previous week’s 12.43%.

However, the yield on the 364-day bill declined, dropping to 12.70% from 13.08%.