Tag: Forex Measures
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Bank of Ghana to start forex forward auction on Oct.1
The Bank of Ghana has announced that it would from October 1, 2019 start forward sales purchases of forex. The central bank in a notice on guidelines issued to forex dealers said the initiative which comes on the back of improved liquidity on the market and would deepen the foreign Exchange Market. Foreign exchange dealers…
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38 forex bureaux face closure by Bank of Ghana
The Bank of Ghana has threatened to close down forex bureaus that are not complying with its operational regulations. In a letter sent to the Forex Bureaux Association and sighted by Citi Business News, the BoG named 38 forex bureaus that were not complying with the central bank’s regulations. The affected 38 forex bureaux are…