Tag: BoG
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Gov’t broke BoG’s forex rules – Financial analyst
Some financial analysts are accusing government of breaching the forex rules by the Bank of Ghana by sanctioning the airlifting of 3 million dollars to Brazil as payment for the Black stars. Government is pre-financing the payment of the Black Stars appearance fees which will be reimbursed when FIFA’s prize money for Ghana’s participation in…
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BoG to ease forex controls
The Bank of Ghana (BoG) will today announce measures to ease foreign exchange controls to allow withdrawals up to US$10,000 without proof of travel. The measures come after a thorough review of the controls the central bank introduced in February this year to halt the depreciation of the cedi. The earlier measures limited access to…