Accra: The Government mobilised a total of GHS2.728 billion in the latest treasury bills auction, which fell short of its GHS4.24 billion target, as reported by the Bank of Ghana. The auction, conducted under Tender number 1968 on Friday, August 15, 2025, is expected to be issued on Monday, August 18. Investors tendered a total of GHS3.009 billion across 91-day, 182-day, and 364-day maturities, but the Government accepted only GHS2.728 billion, representing 90.65 per cent of the total amount tendered against its GHS4.242 billion target.
According to Ghana News Agency, the breakdown by maturity revealed that for the 91-day bill, the government accepted GHS2.023 billion out of the GHS2.059 billion tendered. For the 182-day bill, GHS537.69 million was accepted from the GHS678.18 million in bids. The Government accepted GHS167.66 million from GHS272.58 million in bids tendered for the 364-day bill.
Interest rates for the 91-day bill ranged from 9.2796% to 12.8000%, with the Government fully allotting bids with interest rates from 9.5000% to 10.7831% per annum and discount rates from 9.2796% to 10.5000% per annum. The 182-day bill bids had interest rates ranging from 0.8747% to 14.5000%, with a full allotment at interest rates between 11.5000% and 12.8000% per annum, and discount rates from 10.8747% to 12.0301% per annum. For the 364-day bill, tendered rates ranged from 10.7142% to 13.5000% per annum, with the government allotting bids with interest rates from 11.9999% to 13.3144% per annum and discount rates from 10.7142% to 11.7500% per annum.
The weighted average of rates for the week commencing August 18 are 10.1374% interest rate and 9.8868% discount rate per annum for the 91-day bill; 12.2302% interest rate and 11.5255% discount rate per annum for the 182-day bill; and 13.0865% interest rate and 11.5721% discount rate per annum for the 364-day bill. The Government aims to raise GHS6.426 billion in the next auction, Tender 1969, as per the report.
