We’re not selling off dollars to boost cedi – BoG

Bank of Ghana Governor Emphasizes Balanced Cedi Stability for Macroeconomic Health

News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://newsghana.com.gh/bank-of-ghana-governor-emphasizes-balanced-cedi-stability-for-macroeconomic-health/Bank of Ghana Governor Dr. Johnson Asiama has clarified the central bank’s approach to managing the stability of the Ghanaian cedi, emphasizing that sustained exchange rate calm does not imply a fixed or overvalued currency but rather alignment with macroeconomic fundamenta…

We’re not selling off dollars to boost cedi – BoG

The Governor of the Bank of Ghana, has refuted rumours suggesting that the central bank has been flooding the foreign exchange market with large sums of US dollars to keep the cedi afloat. Despite the local currency’s current streak of stability—one of the longest in recent years and its recent slight appreciation against the dollar, […] The post We’re not selling off dollars to boost cedi – BoG appeared first on Ghanamma.com.

Asiama: We’re observing to ensure Cedi stability is in a range consistent with macroeconomic stability

Governor of the Bank of Ghana (BoG), Dr Johnson Asiama, has said that the BoG is observing to ensure that the recent Cedi stability is in a range consistent with macroeconomic stability. He explained that when there is stability, it doesn’t mean the Cedi has to be fixed or has to overly appreciate, because that in itself is not good for Ghana’s exports. He said the regulator is observing the trends to make sure the Cedi is not misaligned with th…