BoG Not Targeting Fixed Exchange Rate Band – BoG Governor

BoG not targeting fixed exchange rate band – BoG Governor

The Governor of the Bank of Ghana, Dr. Johnson Asiama, has disclosed that the Central Bank is not pursuing a rigid exchange rate target or a predetermined band, stressing its continued commitment to a flexible exchange rate regime anchored in market fundamentals and responsive to economic shocks. Speaking at the “Banking the Last Mile” event hosted by the Ghana Association of Banks and Absa Bank Ghana on Tuesday 17th June 2025,

Bank of Ghana Assures Economic Resilience Amid Global Uncertainties

News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/bank-of-ghana-assures-economic-resilience-amid-global-uncertainties/Bank of Ghana Governor Dr. Johnson Asiama has affirmed the nation’s capacity to weather external economic shocks, including potential fallout from the Israel-Iran conflict. Speaking at a national digital finance forum, Asiama highlighted strengthened macroeconomic buffers, including i…

Flexible exchange rate regime here to stay -BoG Governor

The Governor of the Bank of Ghana, Dr. Johnson Asiama, has reaffirmed the Central Bank’s commitment to a flexible exchange rate regime, stating that it is not targeting a fixed exchange rate or a predetermined band. He emphasized that the Bank’s approach is rooted in economic fundamentals and designed to remain responsive to both domestic and external shocks. Speaking at the “Banking the Last Mile” forum, organized by the Ghana Association of Ba…

Cedi holds firm, but retail market faces 23% premium following FX constraints

By Ebenezer Chike Adjei NJOKU The foreign exchange (FX) market is showing signs of stabilisation despite persistent gaps between official and retail exchange rates, with analysts attributing the divergence to structural supply constraints and recent regulatory interventions by the central bank. As of Tuesday, June 17, the Bank of Ghana’s (BoG) official mid-rate for the US dollar stood at GH¢10.3 – down slightly from GH¢10.35 the previous day. Ho…

BoG sells $20m to BDCs at 10.3284

The Bank of Ghana (BoG) has sold $20 million to Bulk Oil Distribution Companies (BDCs) in a forward auction that will be settled in 30 days. The auction was held on June 12 and saw 9 BDCs put in bids ranging from 9.00 to 10.00 but the BoG settled the auction at GHS 10.3284 to […]