The Bank of Ghana (BoG) has raised GH¢1.534 billion from the issuance of its 56-day bills, auctioned on Wednesday, April 2, 2025.
The short-term securities, issued as part of the Central Bank’s Open Market Operations (OMO), were sold at an interest rate of 27.7%, a 0.7 percentage point increase from the previous auction rate of 27%.
The marginal hike follows the 100 basis point (1%) increase in the Central Bank’s monetary policy rate, which moved from 27% to 28% on March 28, 2025.
Details on the total bids submitted by commercial banks and the Central Bank’s target issuance amount were not disclosed in the auction results published by the BoG.
BoG bills serve as a key monetary policy tool, enabling the Central Bank to manage liquidity in the financial system by absorbing excess cash from commercial banks.
Proceeds from these auctions are typically used to finance short-term government obligations and support broader monetary policy objectives.
The interest rate on BoG bills is closely watched by financial markets, as it influences broader interest rate movements in the economy and signals the Central Bank’s stance on inflation and liquidity conditions.
Source: www.ghanaweb.com
