The Bank of Ghana has raised GH¢836 million through the issuance of 56-day central bank bills, in a move aimed at tightening liquidity conditions and reinforcing its monetary policy stance.

According to auction results released by the central bank, the short-term securities, auctioned on August 27, 2025, cleared at a yield of 24.8 percent.

No details were provided on the bid volume received or the auction target, leaving investors without a clear view of demand dynamics.

'Recent cedi depreciation is a blip' - BoG Governor

BoG bills are a core tool of the central bank’s open market operations, used to absorb excess liquidity, anchor inflation expectations, and signal the direction of the policy rate.

In Ghana, proceeds from such instruments are also often channeled into short-term government financing.

The yield aligns closely with the current policy rate, underlining the Bank’s commitment to a tight monetary stance as it seeks to further curb inflationary pressures.

SP/MA

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