• 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 Economy

Debt Auction: BoG raises GHS 850m at 24.5% interest rate

3 years ago
in Economy, Features, highlights, Home, home-news, latest News, Markets
1 min read
0 0
0
86
VIEWS
Share on FacebookShare on TwitterShare on Linkedin

Debt Auction: BoG raises GHS 850m at 24.5% interest rate

The Central Bank has raised some GHS 850 million in debt from the issuance of its own bills – Bank of Ghana bills.

The bills with a maturity period of 14 days was auctioned by the Central Bank on Wednesday, 0ctober 26, 2022.

Auction results for the short term debt instrument does not indicate the value of bids made by commercial banks, insurance firms and other institutional investors for the Central Bank bills.

It also does not indicate whether the BoG was able to meet its target with the auction of its bills, as both amounts were not stated by the BoG.

The bills, were however, auctioned at an interest rate of 24.5 percent – reflective of the Bank’s new policy rate of 24.5 percent.

Central Bank bills mostly employed through Open Market Operations (OMO), serves as a monetary policy tool used by Central Banks to regulate money supply.

RelatedPosts

Importers Urged to Use Credit Cards as BoG Tightens Foreign Currency Rules

FirstBank Prepares for 2025 Staff Engagement Empowering People, Shaping Culture, Achieving Targets

Gov’t to Overhaul Investment Law, Create 24-Hour Economy Authority in New Bills to Parliament

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.

Funds raised from the auction of the bills are usually loaned to the government to meet its short-term financing needs.

The auctioned amount will add up to government’s domestic debt stock of GHS 190.3bn leading to an increase in the country’s current public debt stock of GHS 402bn.

Source: norvanreports
Tags: Debt Auction: BoG raises GHS 850m at 24.5% interest rate
No Result
View All Result

Highlights

Ghana, Singapore Push Cross-Border Payments and SME Ties as Mahama Hails Stabilising Economy

GoldBod Suspends Gold Buyer’s Licence Over Illegal Pricing

JICA and AfDB Sign Agreement to Extend Enhanced Private Sector Assistance Initiative for $5.5 Billion

New Digitized Credit Plans Put Farmers First

International Syndicates Behind Oil Theft in Nigeria

Dangote Ends West Africa’s Fuel Import Dependence, Emerges Region’s Key Diesel, Jet Fuel Supplier

Trending

Bank of Ghana
Business

Importers Urged to Use Credit Cards as BoG Tightens Foreign Currency Rules

August 28, 2025

Importers Urged to Use Credit Cards as BoG Tightens Foreign Currency Rules The Importers and Exporters Association...

FirstBank Prepares for 2025 Staff Engagement Empowering People, Shaping Culture, Achieving Targets

August 28, 2025

Gov’t to Overhaul Investment Law, Create 24-Hour Economy Authority in New Bills to Parliament

August 28, 2025

Ghana, Singapore Push Cross-Border Payments and SME Ties as Mahama Hails Stabilising Economy

August 28, 2025

GoldBod Suspends Gold Buyer’s Licence Over Illegal Pricing

August 28, 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.