The Bank of Ghana, in its latest BoG auction on July 14, 2025, accepted bids worth GH¢256.9 million at an interest rate of 17.9%, lower than the Banks current monetary policy rate of 28%.
In its auction of BoG bills on July 9, 2025, the Central Bank raised approximately GH¢155 million at an interest rate of 23%.
On July 7, 2025, the BoG secured GH¢825 million with an interest rate of 26.5%.
Just a week earlier, on July 2, the Bank raised GH¢250 million at a higher rate of 27.9%.
The continuous reduction in the interest rates on recent auctions signals the Central Banks potential decision to significantly reduce its monetary policy rate in the upcoming 125th Monetary Policy Committee (MPC) meeting scheduled for July 28 to July 30, 2025.
This is due to the fact that the Bank of Ghana Bills is a reflection of the Central Banks monetary policy rate.
The Central Bank has, over the past 12 days, reduced interest rates on its Bank of Ghana Bills by some 10%.
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