The interest rate on the 56-day bill has been significantly lowered by BoG.

Compiled By: Prince Henry Danquah, Bora Capital Advisors Ltd.

The Bank of Ghana (BoG) has cut the interest rate on the 56-day bill by a significant margin.

The auction results released on July 21, 2025, showed that the Central Bank offered 11.9% – 13.0% to the investors.

This is despite investors requesting rates of 11.7% – 24.0% for the 56-day bill.

This is a significant drop from the 26.5% the Central Bank offered to investors in the previous auction held on July 7, 2025.

This has resulted in some market analysts arguing that if the Bank of Ghana is dropping yield on the short-term bills, then the next move by the regulator could signal a cut in the policy rate by some significant margin.

Source: newsthemegh.com