Finance

BoG raises GH¢9.08 billion in latest auction

The Bank of Ghana has raised GH¢9.08 billion through the issuance of its BoG Bills, marking the highest amount mobilised through the instrument so far in 2025.

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.

According to the auction report released by the BoG, the total value of bids submitted by primary dealers and the target amount for the auction were not disclosed.

BoG Bills, issued as part of the Central Bank’s Open Market Operations (OMO), are 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 money supply to maintain macroeconomic stability.

The interest rate on BoG Bills remains a critical indicator of the Bank’s monetary policy stance, influencing broader interest rate movements across the economy.

Ogyem Solomon

Solomon Ogyem – Media Entrepreneur | Journalist | Brand Ambassador Solomon Ogyem is a dynamic Ghanaian journalist and media entrepreneur currently based in South Africa. With a solid foundation in journalism, Solomon is a graduate of the OTEC School of Journalism and Communication Studies in Ghana and Oxbridge Academy in South Africa. He began his career as a reporter at OTEC 102.9 MHz in Kumasi, where he honed his skills in news reporting, community storytelling, and radio broadcasting. His passion for storytelling and dedication to the media industry led him to establish Press MltiMedia Company in South Africa—a growing platform committed to authentic African narratives and multimedia journalism. Solomon is the founder and owner of Thepressradio.com, a news portal focused on delivering credible, timely, and engaging stories across Ghana and Africa. He also owns Press Global Tickets, a service-driven venture in the travel and logistics space, providing reliable ticketing services. In addition to his media ventures, Solomon serves as a Brand Ambassador for Alabuga, a prominent Russian industrial company, representing their interests and expansion across Africa. He previously owned two notable websites—Ghanaweb.mobi and ShowbizAfrica.net—both of which contributed to entertainment and socio-political discussions within Ghana’s digital space. With a diverse background in media, digital journalism, and business, Solomon Ogyem is dedicated to telling impactful African stories, empowering youth through media, and building cross-continental media partnerships.

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