The Director of Research at the Institute of Economic Affairs (IEA), Dr John Kwakye, has said he will not be surprised to see the local currency stabilising in the last 24 days to the general elections due to the deliberate intervention by the Bank of Ghana (BoG).
His comments follow the latest action taken by the BoG on forex trading.
The Bank of Ghana (BoG) has directed all financial institutions in the country, including commercial banks and All Enhanced Payment Service Providers to halt Remittance Termination Partnership with global remittance giant Taptap Send.
This was captured in letter to all banks, Dedicated Electronic Money Issuers and Enhanced Payment Service Providers, as well as the Ghana Interbank Payment and Settlement System (GhIPSS).