• 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 Business Banking & Finance

Reserve Bank Borrows GHS 1.88bn

1 year ago
in Banking & Finance, Business, Economy, Features, highlights, Home, home-news, latest News
1 min read
0 0
0
101
VIEWS
Share on FacebookShare on TwitterShare on Linkedin

Reserve Bank Borrows GHS 1.88bn

The Bank of Ghana (BoG) successfully raised GHS 1.88 billion through its recent 56-day bill auction, at an interest rate of 28.9 percent.

The auction was made on Monday, July 15, 2024.

This auction, characterized by undisclosed bid values and an unspecified target, reflects the central bank’s strategic focus on managing liquidity within the banking sector.

The 28.9 percent interest rate set by the BoG underscores its current economic strategy, aiming to influence market rates and maintain effective control over money supply dynamics in response to prevailing economic conditions.

The 56-day bill plays a pivotal role in the BoG’s monetary policy framework, which is essential for fine-tuning financial system liquidity and mitigating inflationary pressures.

Beyond liquidity management, proceeds from these auctions serve dual purposes: supporting governmental fiscal needs and reinforcing economic stability, aligning with broader national economic objectives.

RelatedPosts

Communications Minister Warns Against Use of Nigerian DStv Decoders, Moves to Curb Cross-Border Piracy

Nigeria at Risk of an Energy Crisis as Strike Halts Oil Institutions, Dangote Refinery

Ghana Ranks Third in Africa for Adult Bank Account Ownership

The BoG’s proactive approach in conducting these auctions reflects its commitment to navigating economic challenges while bolstering financial resilience, highlighting its pivotal role in sustaining economic stability amidst evolving market conditions.

Tags: 56-day billReserve Bank Borrows GHS 1.88bn
No Result
View All Result

Highlights

The African Development Bank Approves €100 Million Loan to Strengthen Côte d’Ivoire’s Cocoa Value Chain

2026 Budget Hearings Conclude with Focus on Accountability and Resource Allocation

Tullow Oil Reports 11.4% Decline in Reserves

RTI Commission Slaps State and Private Institutions With GHS 5.6m in Fines Over Information Breaches

Communications Minister to Address Standoff with MultiChoice Ghana Over DStv Pricing

Bilateral Trade Between Ghana and China Hits Historic $11.8bn Mark

Trending

Features

Communications Minister Warns Against Use of Nigerian DStv Decoders, Moves to Curb Cross-Border Piracy

September 29, 2025

Communications Minister Warns Against Use of Nigerian DStv Decoders, Moves to Curb Cross-Border Piracy Minister for Communications,...

Nigeria at Risk of an Energy Crisis as Strike Halts Oil Institutions, Dangote Refinery

September 29, 2025

Ghana Ranks Third in Africa for Adult Bank Account Ownership

September 29, 2025

The African Development Bank Approves €100 Million Loan to Strengthen Côte d’Ivoire’s Cocoa Value Chain

September 29, 2025

2026 Budget Hearings Conclude with Focus on Accountability and Resource Allocation

September 29, 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.