Accra: The Government of Ghana fell short of its Treasury Bill auction target on May 23, 2025, raising GH?2.68 billion against a GH?5.55 billion goal, according to Bank of Ghana results.

According to Ghana News Agency, this represents 48.29 percent of the target, indicating significant undersubscription across all tenors. For the 91-day bill, the government accepted GH?2 billion instead of the GH?4 billion target.

The 182-day bill secured GH?243.6 million, well below the GH?692.87 million goal, while the 364-day bill raised GH?435 million, falling short of its GH?800 million target.

The GH?2.87 billion shortfall raises concerns over investor confidence and the competitiveness of government interest rates. The next Treasury Bill tender, covering 91, 182, and 364-day bills, is set at GH?3.89 billion.