Government of Ghana targets GHC5.89 billion in next T-bill auction following previous shortfall

Government of Ghana is returning to the domestic money market on Friday, May 29, 2026 with an aggressive borrowing target, aiming to raise GHC5.892 billion through its weekly Treasury bill auction.

The cash mobilisation effort will be spread across the standard three tenors, offering fixed-income investors the usual mix of the 91-day, 182-day, and 364-day bills.

This ambitious target of GHC5.892 billion comes at a critical time for fiscal planners who are looking to rebound from a disappointing outing last week.

n that auction, government suffered a rare under-subscription, failing to hit its targeted mark of GHC4.486 billion by GHC264.86 million, representing 5.90 per cent, as investor appetite fell short of the state’s short-term funding needs.

3Business is watching this upcoming auction closely to see how the central bank handles pricing.

With the previous shortfall fresh in mind, all eyes will be on whether interest rates push upward to sweeten the deal for commercial banks and institutional investors, or if tight market liquidity will continue to challenge government’s domestic debt strategy.

Source: 3news.com by Eben Agyekum-Boateng