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.
