Central Bank Raises GHS 6.59 Billion in 56-Day Bill Auction at 26.93% Yield
The Bank of Ghana has successfully raised GHS 6.59 billion through its latest auction of the 56-day maturity bills issued at an interest rate of 26.93%.
The auction, part of the central bank’s broader open market strategy, reflects its ongoing efforts to manage liquidity in the financial system amid persistent inflationary pressures.
Although no target amount or bid values were disclosed, the auction underscores the central bank’s commitment to maintaining monetary stability through short-term liquidity management.
Instruments such as these short-dated bills are a crucial component of the BoG’s monetary toolkit, allowing it to influence market interest rates and regulate money supply.
This is particularly important as the central bank continues to grapple with inflation, which remains a key challenge for Ghana’s economy.
The short-term bills not only serve as a tool for liquidity control but also provides the government with a valuable source of short-term funding, helping to bridge immediate fiscal gaps.
