For the sixth consecutive week, the government has fallen short of its treasury bill target, as investors continue to shift preference toward higher-yielding instruments like Bank of Ghana bills.
According to auction results released by the Bank of Ghana, the government missed its target by 11.56%, raising GH¢2.967 billion against a projected GH¢3.356 billion.
Despite the shortfall, the government accepted all bids submitted during the auction.
Investor interest remained heavily skewed toward the 91-day bill, which attracted GH¢2.028 billion—accounting for 68.37% of total bids.
The 182-day bill drew GH¢622.79 million, while the 364-day bill received bids slightly over GH¢316 million.
Meanwhile, yields across the treasury bill curve continued their downward trend.
The 91-day bill yield declined by 14 basis points to 14.56%.
The 182-day bill dropped to 15.01% from 15.25% the previous week.
The 364-day bill saw the sharpest decline, falling by 58 basis points to 15.16%.
