BoG has declared its intention to sell businesses and the market up to US$1 billion.

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

The Bank of Ghana (BoG) has announced plans to sell up to US$1 billion to the market and businesses in January 2026 as part of its Foreign Exchange Intermediation Programme.

The plan was contained in a wire communication to market operators sighted by JoyBusiness. According to the central bank, the auctions will be guided by its recently approved Foreign Exchange Operations Framework.

The Bank of Ghana said the move marks the operationalisation of measures under the FX Operations Framework and will be aligned with the objectives of its reserve accumulation programme.

It added that the FX intermediation programme is expected to help dampen volatility in the foreign exchange market when the need arises, particularly under the Domestic Gold Purchase Programme.

Source: newsthemegh.com