forex
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BoG secures US$1 billion to meet forex demand shocks

May 22, 2020 In a bid to stand ready for any possible excessive demand for the US dollar in the near future, the Bank of Ghana has engaged the U.S. Federal Reserve for a US$ 1 billion repurchase...

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May 22, 2020 / Comments (0)

Cedi’s strength in first two months discourages local dollar accounts

May 4, 2020 The March 2020 Banking Sector Report has shown that the cedi’s strength against major trading currencies such as the dollar in the first two months of this year has made it unattractive...

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May 4, 2020 / Comments (0)

Cedi appreciates 6.4% against dollar

February 24, 2020 The Ghana cedi has maintained its dominance against its major trading partners, especially the US dollar, as market updates from the First National Bank show there has been a more than 6...

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February 24, 2020 / Comments (0)

BoG eyes dollar glut; Shores up forex sale by 60%

January 14, 2020 The Bank of Ghana (BoG) has raised the monthly sale of foreign currencies (FX) by 60 per cent in the first quarter of this year to help contain the increased demand for those currencies...

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January 14, 2020 / Comments (0)

BoG bares teeth – Warns forex bureaux to conform to rules

April 25, 2019 The Bank of Ghana (BoG) says it will crack the whip on recalcitrant forex bureau operators who fail to comply with the laws governing forex trading in the country. The clampdown, which will...

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April 25, 2019 / Comments (0)

Ghana Stock Exchange (GSE) calls for formalised forex trading platform

January 28, 2019 The Ghana Stock Exchange (GSE) has called for a formalised forex trading platform that will see the local currency bought and sold in a much more transparent manner. “Ghana should have a...

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January 28, 2019 / Comments (0)