The Government of Ghana has raised GH¢6.33 billion in its latest Treasury bill auction, surpassing its target of GH¢5.26 billion by over GH¢1 billion, signaling strong investor confidence in short-term government securities.
According to data from the Bank of Ghana, the oversubscription highlights sustained demand for Treasury bills despite persistent economic challenges and tight liquidity conditions in the financial sector.
Analysts say the strong performance could ease short-term financing pressures on the government, providing liquidity to support operational and debt servicing commitments.
However, experts also caution that the continued heavy reliance on T-bills may lead to higher interest costs and potentially crowd out private sector lending if long-term debt instruments are not prioritized.
The government’s consistent success in meeting and exceeding auction targets in recent months demonstrates growing investor trust in domestic debt instruments — a critical factor as Ghana works to stabilize its economy under the IMF-backed recovery program.
Source: Thepressradio.com
