• Login
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
  • Home
  • News
    • General
    • Political
  • Economy
  • Business
    • Agribusiness
    • Aviation
    • Banking & Finance
    • Energy
    • Insurance
    • Manufacturing
    • Markets
    • Maritime
    • Real Estate
    • Tourism
    • Transport
  • Technology
    • Telecom
    • Cyber-security
    • Cryptocurrency
    • Tech-guide
    • Social Media
  • Features
    • Interviews
    • Opinions
  • Reports
    • Banking/Finance
    • Insurance
    • Budgets
    • GDP
    • Inflation
    • Central Bank
    • Sec/Gse
  • Lifestyle
    • Sports
    • Entertainment
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video
No Result
View All Result
No Result
View All Result
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
No Result
View All Result
Home Business Banking & Finance

BoG mobilizes GHS 1.8bn from 14-day bill

3 years ago
in Banking & Finance, Business, Economy, Features, highlights, Home, home-news, latest News, Markets
1 min read
0 0
0
84
VIEWS
Share on FacebookShare on TwitterShare on Linkedin

BoG mobilizes GHS 1.8bn from 14-day bill

The Central Bank has mobilized a total of GHS 1.8bn from the issuance of its own bills – Bank of Ghana (BoG) bills.

The bills with a maturity period of 14 days was auctioned by the BoG on Wednesday, November 23, 2022.

The short-term debt raised by the Central Bank is expected to be directly loaned to government to support its short term needs.

It is unclear the value of bids made by pension funds, insurance firms, commercial banks and other institutional investors for the 14-day maturity dated bills as total bids made for the bill was not indicated by the Central Bank.

Also, as to whether the Central Bank was able to meet its target with the issuance of the bill or not is unknown as that was also not indicated by the BoG in its auction results report.

The bill, per the auction results report was however, auctioned at an interest rate of 24.5 percent.

RelatedPosts

From FX Pain to Profit Boom: Nigerian Companies Rebound Big After Devaluation

Importation of Toxic Fuel Deals a Major Blow to Dangote’s Fight for Market Share

GSE Rallies as Composite Index Crosses 7,000 Points; Trade Volume Surges Over 468%

Mostly employed through Open Market Operations (OMO), the Central Bank bill serves as a monetary policy tool used by the BoG to regulate money supply.

The main function of the BoG bill is to help manage the liquidity of the Ghanaian banking system through selling short-term securities on the primary market.

The interest rate on the Central Bank bill is the key interest rate that determines the monetary policy stance or rate.

The bill usually have fixed maturity periods of 28, 63, 91 and 182 days.

Tags: Bank of GhanaBoG mobilizes GHS 1.8bn from 14-day billOpen Market Operations (OMO)
No Result
View All Result

Highlights

COCOBOD Rules out Syndicated Loan for 2025/2026 Crop Season Amid Global Cocoa Shortage

Fitch Solutions Projects Cedi Stability Through 2025-2026, Cautions on Gold Price Risks

BoG Policy Rate Cut to 25%: Details of the 6-0 Vote Decision by MPC Members

Non-Interest Banking & Finance: A Profitable Path by Bank of Ghana

CHAN2024: Algeria Dominates Uganda, While Guinea Edges Past Niger Group Openers

Ferrari Boss Defends Hamilton Amidst Frustration After Hungarian Grand Prix

Trending

Business

From FX Pain to Profit Boom: Nigerian Companies Rebound Big After Devaluation

August 5, 2025

From FX Pain to Profit Boom: Nigerian Companies Rebound Big After Devaluation In June 2023, Nigeria’s decision...

Importation of Toxic Fuel Deals a Major Blow to Dangote’s Fight for Market Share

August 5, 2025

GSE Rallies as Composite Index Crosses 7,000 Points; Trade Volume Surges Over 468%

August 5, 2025

COCOBOD Rules out Syndicated Loan for 2025/2026 Crop Season Amid Global Cocoa Shortage

August 5, 2025

Fitch Solutions Projects Cedi Stability Through 2025-2026, Cautions on Gold Price Risks

August 5, 2025

Who we are?

NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World

NorvanReports is a unique data, business, and financial portal aimed at providing accurate, impartial reporting of business news on Ghana, Africa, and around the world from a truly independent reporting and analysis point of view.

© 2020 Norvanreports – credible news platform.
L: Hse #4 3rd Okle Link, Baatsonaa – Accra-Ghana T:+233-(0)26 451 1013 E: news@norvanreports.com info@norvanreports.com
All rights reserved we display professionalism at all stages of publications

No Result
View All Result
  • Home
  • Business
    • Agribusiness
    • Aviation
    • Energy
    • Insurance
    • Manufacturing
    • Real Estate
    • Maritime
    • Tourism
    • Transport
    • Banking & Finance
    • Trade
    • Markets
  • Economy
  • Reports
  • Technology
    • Cryptocurrency
    • Cyber-security
    • Social Media
    • Tech-guide
    • Telecom
  • Features
    • Interviews
    • Opinions
  • Lifestyle
    • Entertainment
    • Sports
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
NORVANREPORTS.COM | Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.