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Bank of Ghana raises GHS 334m with latest bill issuance

3 years ago
in Business, Economy, Features, highlights, Home, home-news, latest News, Markets
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Bank of Ghana raises GHS 334m with latest bill issuance

The Bank of Ghana (BoG) has successfully raised GHS 334 million through the issuance of its own bills.

The 14-day maturity bills were auctioned on February 6, 2023 and carried an interest rate of 28%.

This short-term debt security is expected to be loaned to the government to support its short-term financing requirements.

The main purpose of the BoG bills is to help regulate the liquidity of the Ghanaian banking system through selling short-term securities on the primary market.

The interest rate on the BoG bills is a key rate that determines the monetary policy stance.

These bills usually have fixed maturity periods of 14, 28, 63, 91, and 182 days.

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