BoG sold one of its largest sums of dollars to the market in a single seven-day foreign exchange forward auction.

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

The Bank of Ghana (BoG) has sold one of its largest amounts of dollars for the market through a single 7-day FX forward auction.

Market data showed that the Bank of Ghana this week, through its FX Forward Auction, offered US$300 million.

However, the commercial banks just accepted US$243 million, with a price range of GH¢12.15 – GH¢12.40.

The Bank of Ghana had started reducing the volume of dollars sold through its FX Forward Auction programme in Q2 2025.

Market data revealed that in August 2025, BoG sold US$737 million through spot and forward auctions – representing an 18% drop from the US$900 million-plus sold in July.

Market analysts say this trend highlights BoG’s deliberate scaling back of its interventions.

Source: newsthemegh.com