Government Targets GH¢7.5bn from Treasury Bill Auction to Meet Short-Term Financing Needs
The government is seeking to raise approximately GH¢7.5 billion from the domestic market next week to finance its short-term funding requirements, signalling a sharp increase in near-term borrowing.
This follows a Bank of Ghana notice (No. BG/FMD/2025/76) issued on behalf of the Government, which sets a target of GH¢7.56 billion for the sale of 91-day, 182-day and 364-day Treasury bills under Tender 1989.
The new target represents an increase of about 90 percent compared with the GH¢3.99 billion set for the previous auction held on January 2, reflecting heightened financing pressures.
The move comes on the back of last week’s auction, where the government raised GH¢4.3 billion amid sustained investor appetite for short-term government securities, largely driven by relatively attractive yields.
At the previous auction, the 91-day, 182-day and 364-day Treasury bills were issued at average interest rates of 11.12 percent, 12.55 percent and 12.33 percent per annum, respectively.
The primary auction is conducted on a wholesale basis and is limited to Primary Dealer banks. However, retail investors and institutional participants may access the securities on the secondary Ghana Fixed Income Market through licensed market operators.
