The Bank of Ghana (BoG) has successfully raised GH¢4.05 billion through the issuance of its 56-day Treasury bills, reinforcing its tight monetary stance and ongoing efforts to control inflation.
The short-term securities, auctioned on Tuesday, June 18, 2025, were issued at an interest rate of 27.9%, aligning with the Central Bank’s benchmark policy rate. The move is part of BoG’s broader Open Market Operations (OMO) strategy, designed to mop up excess liquidity, shape inflation expectations, and signal future rate policy.
While the Bank disclosed the interest rate and total amount raised, it did not reveal the bid volume or the initial target for the auction—data closely watched by investors to assess demand and market sentiment.
The high yield reflects the Central Bank’s continued resolve to curb inflation, even amid Ghana’s delicate post-crisis recovery and ongoing fiscal reforms under its three-year IMF programme.
The funds raised will offer short-term budgetary support to the government, consistent with BoG’s regular liquidity management practices.
