The Bank of Ghana (BoG) has raised GH¢ 1,694 million from the issuance of its 56-day bills, auctioned on Monday, March 24, 2025.
According to auction results from the Central Bank, the bills were sold at an interest rate of 27%.
However, details regarding the total bids submitted by banks and the BoG’s target amount were not disclosed.
BoG bills, issued as part of the Central Bank’s Open Market Operations (OMO), serve as a key monetary policy tool for managing liquidity in the banking system.
These short-term securities help regulate money supply by absorbing excess liquidity from commercial banks.
Proceeds from BoG bill auctions are often used to finance short-term government obligations.
Also, the interest rate on these bills plays a critical role in shaping the Central Bank’s monetary policy stance, influencing overall interest rates in the economy.
Source: Ghanaweb
