The Government of Ghana raised GH¢9.081 billion in its first Treasury Bills (T-bills) auction on January 8, 2026.
The amount was accepted from GH¢9.1 billion in bids tendered for the 91-day, 182-day and 364-day tenors.
The figure represented a 20.07% oversubscription of the government’s initial target of GH¢7.564 billion, indicating strong investor confidence at the start of the fiscal year.
The bulk of the funds came from the 91-day bill, which contributed GH¢6.535 billion, followed by GH¢1.491 billion from the 364-day bill and GH¢1.055 billion from the 182-day bill.
Weighted average interest rates were established at 11.1% for the 91-day bill, 12.6% for the 182-day bill and 12.98% for the 364-day bill.
The government has set a reduced borrowing target of GH¢7.149 billion for the next Treasury Bill auction, scheduled for January 15. 2026.
