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The Bank of Ghana (BoG) has raised GH¢6.21 billion through the issuance of 56-day bills, as part of efforts to manage liquidity in the banking sector.
The auction, conducted on Monday, June 2, 2025, saw the Central Bank selling the short-term securities at an interest rate of 27.9%, slightly below the current Monetary Policy Rate (MPR) of 28%.
While the auction results confirmed the total amount raised and the yield, they did not disclose the value of total bids submitted by primary dealers or the Central Bank’s target for the offer.
The issuance forms part of the BoG’s Open Market Operations (OMO), a key liquidity management strategy aimed at stabilising short-term interest rates and anchoring inflation expectations.
By selling short-term securities such as BoG bills, the Central Bank seeks to absorb excess liquidity from the financial system, thereby tightening monetary conditions in line with its inflation-targeting framework.
The 56-day bills have increasingly become a preferred tool in the BoG’s liquidity operations, given their flexibility and responsiveness to evolving market conditions.
SP/MA
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