The country's fuel import sector is seeing signs of stability following a significant improvement in foreign exchange (FX) supply and operational reforms, with Bulk Oil Distribution Companies (BDCs) reporting over US$1 billion in FX inflows in the first half of 2025 alone.
The recent forex support stems from closer coordination between the Bank of Ghana (BoG) and industry players.
In addition to the central bank's biweekly FX auctions of US$20 million, amounting to US$120 million in the first quarter, BDCs have secured over US$800 million through direct bank support.
This combined liquidity has helped absorb shocks from the currency's rapid appreciation and geopolitical uncertainty. "For six months, we've had more than US$800 million supplied through our banks, plus the biweekly auction amounts," Dr.
