The first treasury bill auction of 2026, held on January 2, recorded total bids of GH¢4.78 billion against a target of GH¢3.99 billion, resulting in an oversubscription of about 20%. Total accepted bids amounted to GH¢4.21 billion reflecting strong market demand.

The 91-day bill cleared at an interest rate of 11.12%. The 182-day bill settled higher at 12.55%, while the 364-day bill closed at 12.93%. The strong subscription suggests sustained liquidity in the market and continued investor appetite for short-dated government instruments.

The next auction on January 8 targets GH¢7.56 billion.