BoG Mops Up GH¢16.2bn in 14-Day Bill Auction

The Bank of Ghana (BoG) has recorded a strong uptake at its latest short-term securities auction, selling a total of GH¢16.22 billion worth of 14-day BoG bills at Tender 847 held on February 4, 2026.

According to the central bank’s official notice to banks and the general public, bids tendered for the 14-day instrument were fully allotted within a bid rate range of 11.8800 per cent to 11.9450 per cent per annum. All bids submitted within this range were accepted in full, reflecting continued appetite by investors for short-term government securities.

The auction closed with a weighted average discount rate of 11.9412 per cent, translating into a weighted average interest rate of 11.9963 per cent for the period covering February 4 to February 6, 2026.

These rates remain broadly stable, suggesting sustained confidence in the central bank’s liquidity management operations.

The BoG bills, issued under the ISIN GHCBAGH00738, form part of the Central Bank’s ongoing open market operations aimed at mopping up excess liquidity in the financial system and supporting its broader monetary policy objectives .

The full allotment of bids also points to steady demand at prevailing rates, even as the central bank continues to balance inflation control with the need to maintain adequate liquidity in the banking system.

The results were signed by Ms. Aimee Vyda Quashie, Acting Secretary of the Bank of Ghana, and officially dated February 4, 2026.

The BoG has indicated that it will continue to use short-term instruments such as its bills to fine-tune liquidity conditions, especially as financial markets respond to evolving macro-economic developments.

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