The major purpose of financial markets is to transfer funds from lenders to borrowers. The money market refers to borrowing and lending for periods of a year or less. A Money Market Instrument is a security with a maturity date of less than one year from the current date. Examples here will include Treasury bills, Bankers' Acceptances, and Commercial Papers.
The bank engages in the purchase of all Government of Ghana and Bank of Ghana securities for its customers.
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