Investors continued to ditch the treasury market despite the Finance Minister, Dr. Cassiel Ato Forson, unveiling the 2026 Budget.
According to the Bank of Ghana’s auction results, the government failed to meet its target yet again.
The government received GH¢3.94 billion of the total bids, but accepted GH¢3.83 billion of the bids.
A little over 77% of the bids came from the 91-day bill. About GH¢3 billion of the bids were tendered. The uptake was GH¢2.9 billion.
For the 182-day bill, GH¢613.2 million of the bids were tendered. The bids accepted were estimated to the tune of GH¢608.2 million.
Also, GH¢257.1 million of the bids were tendered for the 364-day bill. About GH¢254 million of the bids were accepted.
Meanwhile, interest rates continued to rise on the yield curve.
The 91-day bill increased by 10 basis points to 11.02%.
That of the 182-day bill also shot up to 12.66% from 12.61% the previous week.
However, the yield on the 364-day bill decreased by 7.0 basis points to 13.08%.
| SECURITIES | BIDS TENDERED (GH¢) | BIDS ACCEPTED (GH¢) |
| 91 Day Bill | 3.07bn | 2.97bn |
| 182 Day Bill | 613.27m | 608.27m |
| 364 Day Bill | 257.13m | 254.13m |
| Total | 3.94bn | 3.83bn |
| Target | 5.67bn |