Tag: dollars
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FX forward sale: BoG accepts $40m in January 28 auction
The Bank of Ghana’s auction committee accepted less than fifty percent of the total amount of bids submitted by banks in the forex forward sales for Tuesday, January 28, 2019. The forty million dollars accepted by the Central bank is about 38 million dollars less than the amount the banks bid for. Results published by…
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Controlling forex supply: BoG to auction additional $125m
The Bank of Ghana is seeking to auction a total of $125,000,000 for the fourth quarter of 2019; spanning October to December. The exercise is expected to be carried out in five tranches covering the three months. For each tranche, the Central bank is seeking to auction $25,000,000. A notice by the Bank of Ghana…
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Mixed reactions meet BoG’s $ 120m auction
There are mixed reactions over the Bank of Ghana’s decision to auction 120 million dollars to commercial banks between January and March this year. A calendar issued by the central bank said it will auction 40 million dollars monthly, to the commercial banks between the three month period. The move follows a similar one carried…