"BoG takes on GHS 2.2 billion in debt auction"

" \n BoG takes on GHS 2.2 billion in debt auction \n \n\n \n The Bank of Ghana (BoG), has raised some Ghs 2.2 billion in debt from the issuance of its own bills. \n \n\n \n The bills - Bank of Ghana Bills - with a maturity period of 14 days was auctioned by the Central Bank on Wednesday, December 1, 2021. \n \n\n \n Per the auction results released by the BoG, it is unclear the value of bids made by commercial banks for the BoG bills as well as whether the Central Bank was able to meet its target with the auction of its bills as both amounts were not stated by the Bank. \n \n\n \n The bills however, were auctioned at an interest rate of 14.4 percent. \n \n\n \n Read: Factor excess capacity cost into electricity tariffs \u2013 Energy experts tell PURC \n \n\n \n Central Bank bills mostly employed through Open Market Operations (OMO) , serves as a monetary policy tool used by Central Banks to regulate money supply. \n \n\n \n The main function of Central Bank bills is to manage the liquidity of the banking system through selling short-term securities on the primary market. \n \n\n \n Funds raised from the short-term debt instrument is expected to be directly loaned to the government to support its short term financing needs. \n \n\n \n The interest rate on the Central Bank bills is the key interest rate that determines the monetary policy stance or rate. The bills usually have fixed maturities of 28, 63, 91 and 182 days. \n \n\n \n Read details of the auction results below: \n \n\n \n BOG Auctresults 631 WED 1 DEC 21 by Fuaad Dodoo on Scribd (function() { var scribd = document.createElement(\"script\"); scribd.type = \"text\/javascript\"; scribd.async = true; scribd.src = \"https:\/\/www.scribd.com\/javascripts\/embed_code\/inject.js\"; var s = document.getElementsByTagName(\"script\")[0]; s.parentNode.insertBefore(scribd, s); })(); \n "

"BoG takes on GHS 2.2 billion in debt auction"

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