The Bank of Ghana (BoG) has doubled up on its open market operations (OMO) over the last 10 months, in an attempt to mop up extra liquidity and drive down inflationary pressures. From GH¢4.8 billion in October, last year, bills and notes issued by the central bank for treasury operation purposes rose to GH¢93.3 billion … Read more
Banks borrowing from each other or the central bank, otherwise known as repurchase agreements or repos, has hit GH¢145.7 billion in November 2016, which is a 451 per cent increase from the GH¢26.4 billion registered in 2010. But some 73 per cent of the repos done this year happened among commercial banks, instead of with … Read more
Over the past six years, banks have increased their appetite for funds from overnight lending and placements which they source under repurchase agreements (REPOS) as an alternative but less costly way to manage their cash reserve ratios (CRRs). Between 2010 and September this year, the face value of transactions executed under REPOS rose by 366.1 … Read more