Government T-bill records sixth consecutive oversubscription

The Government’s latest Treasury bill auction held on February 6, 2026, recorded its sixth consecutive oversubscription.

Data from the central bank shows that the latest auction attracted offers totaling a staggering GHC17.242 billion, exceeding the government’s initial target of GHC4.976 billion.

The government, with its principle of maintained fiscal discipline, accepted only GHC5.826 billion across the three tenors.

The 364-Day Bill emerged as a major highlight, drawing GHC6.944 billion in bids, though the government opted to take just over GHC2 billion at a yield of 12.06 per cent.

The 91-Day and 182-Day Bills also saw intense competition.

For the 91-day bill, bids totaled GHC6.572 billion, of which the government accepted GHC2.521 billion at a yield of 9.97 per cent.

The 182-day bill received GHC3.724 billion in offers, with the government accepting GHC1.301 billion at an interest rate of 11.82 per cent.

This surge in T-Bills demand reflects a continued preference for government paper as a haven for capital amid the nation’s ongoing economic recovery.

Sources within government say it plans to seek GHC6.415 billion in its next Treasury bill auction, slated to take place on Friday, February 13, 2026.

By: Franklin ASARE-DONKOH