OTC cash withdrawals in foreign currency are allowed – BoG
The Bank of Ghana has given clarification over whether the Over-the-Counter Cash Withdrawals in Foreign Currency from Foreign Exchange Accounts (FEA) and Foreign Currency Account FCA are allowed. This was captured in statement issued by the Central Bank. According to the statement, OTC cash withdrawal in FEA and FCA is allowed. This is in line […]
Fuel prices to witness biggest drop of 8% today, May 16 due to cedi’s appreciation
Prices of the petroleum products are set to witness the biggest drop at the pumps today May 16, 2025. This is according to the Chamber of Oil Marketing Companies (COMAC) Pricing Outlook for the second pricing window for the month of May 2025.Price quotes for various products According to the pricing guidelines for the window, […]
Cedi stability backed by organic, non-debt creating reserves – BoG First Deputy Governor
The First Deputy Governor of the Bank of Ghana (BoG), Dr. Zakari Mumuni, says the recent rally of the cedi is not due to artificial support by the central bank, but rather a result of strong, non-debt-creating reserves. He said the central bank has found a strategic way of meeting market demand without drawing down […]