Bank of Ghana to auction $450m in first quarter of 2022
The Bank of Ghana will auction $450 million dollars in the first quarter of this year.
The move is expected to help bolster the performance of the local currency against the dollar.
The Central Bank has therefore announced to all Authorized Foreign Exchange Dealing Banks the Auction Calendar for Foreign Exchange Forward Auctions to be held in the first quarter of 2022.
In accordance with the Foreign Exchange Forward Auctions Guideline, bids would be invited as per the prescribed format to purchase United States dollars against the Ghana cedis, separately on each auction date and should be submitted via the dedicated email, bogforwards@bog.gov.gh.
The Central Bank will also from quarterly basis publish an auction calendar for the Foreign Exchange Forward Auction.
The calendar will be published one week preceding the next quarter on BoG website.
The competitive multiple-priced Foreign Exchange Forward Auction will be governed by the guidelines published and available on the Bank of Ghana website.
Related Posts
PZ Cussons appoints Abel Idonije as new Africa People Director
Abel Idonije has been appointed Africa People Director at PZ Cussons, marking a significant new chapter in a…
By
Leaders target financial resilience at NCBA breakfast 2026
Financial inclusion in Kenya has made significant strides, yet industry leaders gathered at the NCBA Financial Inclusion Breakfast…
Kenya Power posts KSh24.99bn as revenue climbs 8.6% in FY2026
Kenya Power and Lighting Company PLC (Kenya Power) has reported a 2.1% increase in profit after tax to…
Standard Bank Namibia, NAMCOL partner on employee value banking
The Namibia College of Open Learning (NAMCOL) and Standard Bank Namibia have strengthened their strategic partnership through a…
Gallery
