Bank of Ghana Raises GHS 836m in Short-Term Bill Auction at 24.8% Yield
The Bank of Ghana has raised GHS 836 million through the issuance of 56-day central bank bills, in a move aimed at tightening liquidity conditions and reinforcing its monetary policy stance.
The short-term securities, auctioned on August 27, cleared at a yield of 24.8 per cent, according to results released by the central bank. No details were provided on the bid volume received or the auction target, leaving investors without a clear view of demand dynamics.
BoG bills are a core tool of the central bank’s open market operations, used to absorb excess liquidity, anchor inflation expectations and signal the direction of the policy rate. In Ghana, proceeds from such instruments are also often channelled into short-term government financing.
The yield aligns closely with the current policy rate, underlining the Bank’s commitment to a tight monetary stance as it seeks to further curb inflationary pressures.
