Ghana Treasury-Bill Auction Draws GH¢5.01 Billion in Bids as Yields Ease

ACCRA, GHANA — Ghana's latest Treasury-bill auction attracted approximately GH¢5.01 billion in bids against a government target of GH¢3.54 billion, an oversubscription of about 41.5 per cent.

Bank of Ghana results for the auction dated November 6, 2026, show that the Treasury accepted about GH¢4.11 billion of the bids. Demand covered 91-day, 182-day and 364-day government securities.

The largest share of bids went to the 91-day instrument, which attracted approximately GH¢3.00 billion. The 182-day bill received roughly GH¢1.62 billion in offers, while bids for the one-year bill were approximately GH¢388 million.

Yields continued to decline across all maturities. Reported auction yields were about 4.56 per cent for the 91-day bill, 6.20 per cent for 182 days and 9.48 per cent for 364 days.

The strong demand suggests investors remain willing to lend to the government for short periods at current rates. But an oversubscribed auction does not automatically mean the government accepted every bid; the amount actually raised is reflected in the accepted-bids total.

Changes in Treasury-bill yields can influence the returns savers receive and the borrowing costs facing government and other users of credit. Individual investment decisions also depend on liquidity needs, inflation and the terms offered by financial institutions.

The Bank of Ghana's published auction result is the authoritative reference for the figures. GhanaCurrent will monitor subsequent auctions for changes in demand and borrowing costs.

Official source: Bank of Ghana, Results of GoG Tender 1696, November 6, 2026. https://www.bog.gov.gh/gog_auction_results/results-of-gog-tender-1696/