{
  "id": 17887871,
  "title": "T-bills auction: Government borrowed GH¢14bn in October 2026",
  "url": "https://urgent.news/2026/11/03/t-bills-auction-government-borrowed-gh-14bn-in-october-2026",
  "topic": "business",
  "section": "Business",
  "published": "2026-11-03T01:29:50.000Z",
  "source": {
    "name": "Joy Business",
    "slug": "joy-business",
    "url": "https://www.myjoyonline.com/t-bills-auction-government-borrowed-gh%c2%a214bn-in-october-2026/"
  },
  "original_language": "en",
  "account": "In October 2026, the government raised GH¢14.97 billion through treasury bill auctions, falling short of its GH¢15.37 billion target by GH¢1.40 billion. Despite a relatively high investor demand, the Treasury saw a significant drop in bids, with subscriptions declining by 40.28% compared to the previous week. The 91-day, 182-day, and 364-day rates also saw a decline, with the yields easing to 4.60%, 6.26%, and 9.60%, respectively.\n\nLooking ahead, the government aims to raise GH¢3.54 billion through the issuance of 91-day, 182-day, and 364-day bills this week. This will be used to cover maturing bills amounting to GH¢3.21 billion.",
  "summary": "Last week, investor appetite for T-bills moderated at October’s final auction, with total bids declining by 40.28% week-on-week to GH¢2.55bn.",
  "key_points": [
    "Government borrowed GH¢14bn in October 2026 treasury bill auctions",
    "Shortfall of GH¢1.40bn from GH¢15.37bn target",
    "Subscriber bids declined 40.28% compared to previous week"
  ],
  "editors_take": "The decline in subscription rates despite high demand signals a tightening liquidity environment that forces the government to rely on lower yields to meet its immediate debt obligations.",
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}