GHS 300m in Central Bank bills auctioned
Central Bank bills worth GHS 300 million has been auctioned by the Bank of Ghana (BoG).
The 14 day maturity period Central Bank bills was auctioned by the BoG on Wednesday, July 6, 2022.
In line with its current policy rate, the BoG auctioned its bills at an interest rate of 19%.
The short term debt instruments auctioned by the Bank itself, is expected to be loaned to the Central Government to support its short term financing needs.
Aside that, the bills is also to help manage the liquidity of the banking system through selling short term securities on the primary market.
Central Bank bills are mostly auctioned through Open Market Operations (OMO) which serve as a monetary policy tool for central banks to regulate the supply of money in an economy.
Read details of auction below:
BOG Auctresults 662 WED 6 JUL 22 by Fuaad Dodoo on Scribd
