Government Takes GH¢1.92bn From T-Bill Auction Despite Oversubscription
Ghana’s Treasury accepted GH¢1.92bn at the 30 October auction despite GH¢2.55bn in bids, missing its GH¢2.45bn target as it rejected higher-rate offers on the one-year bill.
Ghana’s Treasury accepted GH¢1.92bn at the 30 October auction despite GH¢2.55bn in bids, missing its GH¢2.45bn target as it rejected higher-rate offers on the one-year bill.
The Bank of Ghana absorbed GH¢18.88 billion from banks in three days through 14-day bill sales, with rates near 10.50 per cent and allotments falling 24 per cent.
The Bank of Ghana sold GH\u00a210.76 billion in 14-day bills at Tender 884, more than doubling its previous auction while the average interest rate held near 10.50 per cent.
Ghana’s Treasury rejected GH¢1.69 billion in bids at the October 16 auction, accepting just GH¢3.48 billion of a GH¢5.02 billion target as it defends low rates.
The Bank of Ghana has warned the public against taping, gluing or stapling torn cedi notes for re-use, saying such notes are unfit for circulation and may be rejected.
Bank of Ghana Governor Johnson Asiama says a new Credit Risk Management Directive is coming after private-sector credit grew 35.5% in August 2026 and lending rates fell.
The Bank of Ghana has issued a “No Objection” to Attijariwafa Bank’s purchase of a controlling stake in Société Générale Ghana, with SEC approval still pending.
Fitch Solutions expects the Bank of Ghana to hold its policy rate at 14% through December 2026 before a 200-basis-point hike in 2027, as inflation edges up from record lows.
Ghana’s Treasury drew GH¢2.93 billion in bids against a GH¢2.24 billion target last week but accepted only GH¢1.77 billion, as T-bill yields fell across all tenors.
S&P Global has affirmed Ghana’s credit ratings at B-/B with a stable outlook, citing gold exports and IMF-anchored fiscal reforms, but warned about the Bank of Ghana and GoldBod.