Bank of Ghana raises GHS 334m with latest bill issuance
The main purpose of the BoG bills is to help regulate the liquidity of the Ghanaian banking system through selling short-term securities on the primary market.
The Bank of Ghana (BoG) has successfully raised GHS 334 million through the issuance of its own bills.
The 14-day maturity bills were auctioned on February 6, 2023 and carried an interest rate of 28%.
This short-term debt security is expected to be loaned to the government to support its short-term financing requirements.
The main purpose of the BoG bills is to help regulate the liquidity of the Ghanaian banking system through selling short-term securities on the primary market.
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The interest rate on the BoG bills is a key rate that determines the monetary policy stance.
These bills usually have fixed maturity periods of 14, 28, 63, 91, and 182 days.
Source: norvanreports.com
