Central Bank bills worth GH¢300 million have been auctioned by the Bank of Ghana (BoG).
The 14-day maturity period of Central Bank bills is auctioned by the BoG on Wednesday, July 6, 2022.
In line with its current policy rate, the BoG auctioned its bills at an interest rate of 19%.
The short-term debt instruments auctioned by the Bank itself is expected to be loaned to the Central Government to support its short-term financing needs.
Aside from that, the bills are also to help manage the liquidity of the banking system through selling short-term securities on the primary market.
Central Bank bills are mostly auctioned through Open Market Operations (OMO) which serve as a monetary policy tool for central banks to regulate the supply of money in an economy.
