In a stunning show of confidence, the government’s treasury bill auction held on February 6, 2026 saw an astonishing GH¢5.83 billion in sales — far exceeding expectations and demonstrating soaring investor appetite for short‑term government securities!
The extraordinary result means the Treasury blew past its original target by 246 %, with total bids tendered hitting about GH¢17.2 billion — sending a clear message that investors are lining up to put money into Ghana’s debt instruments.
Demand was broad across all maturities, but particularly intense for longer‑dated papers. Even more eye‑catching: interest rates fell sharply across the board, with the yield on the 91‑day bill dropping to just under 10 % — a major shift that aligns with recent monetary policy rate cuts.
Market watchers say the outcome underscores renewed investor confidence in Ghana’s financial markets, as well as strong liquidity and optimism about the economy. The dramatic oversubscription is also being seen as a validation of the government’s financing strategy amid broader fiscal reforms.
