The funds will primarily be used to refinance maturing bills totaling GH¢2.24 billion

The government plans to raise GH¢3.36 billion from the treasury market on July 3, 2025, through the issuance of 91-day, 182-day, and 364-day Treasury bills.

The funds will primarily be used to refinance maturing bills totaling GH¢2.24 billion.

In the previous week, the Treasury auction fell short of its target for the fifth consecutive time, with total bids reaching GH¢3.64 billion, slightly above the GH¢3.38 billion target.

However, the actual uptake amounted to GH¢3.34 billion, falling short of the GH¢3.72 billion required to cover maturing securities.

Yields on the 91-day and 182-day bills held steady at 14.69% and 15.25% respectively, while the 364-day bill yield declined marginally by 3 basis points to 15.66%.

Market analysts anticipate continued strong demand for the 91-day bill in the near term, supported by ongoing disinflation trends and growing expectations of a bond market reopening.

SP/MA

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