The government of Ghana raised about 120 GH¢.2 billion in domestic Treasury bills

Compiled By: Prince Henry Danquah, Bora Capital Advisors Ltd

Ghana’s government raised approximately GH¢120.2bn from the domestic Treasury bill market during the first four months of 2026, as authorities took advantage of strong liquidity conditions early in the year while attempting to contain borrowing costs amid falling interest rates.

The amount accepted by the Treasury came against total investor bids of roughly GH¢181.5bn, highlighting substantial demand for short-term government securities despite changing yield conditions across the period.

The data points to a deliberate financing strategy in which authorities increasingly rejected higher-cost bids as market rates declined.

Source: newsthemegh.com