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OMO: BoG Raises Record GHS 9.08 Billion From Latest Bills Auction

4 months ago
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OMO: BoG Raises Record GHS 9.08 Billion From Latest Bills Auction

The Central Bank has raised GHS 9.08 billion through the issuance of its BoG Bills, marking the highest amount mobilized through the instrument so far this year.

The auction, held on Monday, April 28, 2025, saw the Central Bank issue bills with a maturity period of 56 days at an interest rate of 27.9 percent — marginally lower by 0.1 percentage points compared to the current monetary policy rate of 28 percent.

Per the auction results released by the BoG, the Central Bank did not disclose the total value of bids submitted by primary dealers nor the target amount for the auction.

BoG Bills, issued as part of the Central Bank’s Open Market Operations (OMO), is a key monetary policy tool aimed at regulating liquidity within the banking system. Through the sale of short-term securities on the primary market, the Central Bank manages the supply of money to maintain macroeconomic stability.

Typically, proceeds from the auction of BoG Bills are used to support the government’s short-term financing needs, aligning fiscal operations with monetary policy objectives.

The interest rate on the BoG Bills remains a critical indicator, reflecting the Central Bank’s monetary policy stance and influencing broader interest rate movements within the economy.

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