BoG Raises GHS 3.95bn in 56-Day Bill Auction at 21.4% Interest Rate
The Bank of Ghana (BoG) has successfully raised GHS 3.95 billion through the issuance of its 56-day bills, auctioned on Wednesday, October 8, 2025.
The short-term securities, which cleared at an interest rate of 21.4 percent, form part of the Central Bank’s ongoing efforts to manage liquidity and sustain monetary stability within the domestic financial system.
Although bid values from primary dealers and specific issuance targets were not disclosed, the auction underscores the BoG’s active use of Central Bank bills as a key Open Market Operations (OMO) instrument.
These bills are deployed to regulate money supply, control inflation, and stabilise short-term interest rates in line with the Bank’s monetary policy stance.
Proceeds from the auction are expected to help mop up excess liquidity within the banking sector, thereby further curbing inflationary pressures and supporting the stability of the cedi. The funds will also provide short-term financing support to the government.
The successful issuance reflects continued investor confidence in the BoG’s short-term instruments and its commitment to maintaining monetary discipline to anchor price and exchange rate stability.
