BoG Bills: Central Bank Raises GHS 464 Million From Domestic Debt Market
The Bank of Ghana (BoG), has raised some GHS 464 million from the issuance of its bills.
The BoG bills with a maturity period of 56 days was auctioned by the Central Bank on Wednesday, February 5, 2025.
The bills, per the auction results from the BoG, were auctioned at an interest rate of 26.9 percent.
The auction results did not indicate the value of bids made by banks as well as the target of the BoG.
Central Bank bills – in this case BoG bills – mostly employed through Open Market Operations (OMO), serve as a monetary policy tool used by Central Banks to regulate money supply.
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.
