The Bank of Ghana (BoG) has rejected reports of a dollar shortage in the economy, assuring the public and business community that there is sufficient foreign exchange supply to meet market demand.
The central bank's response follows growing concerns from some traders and businesses about delays in accessing dollars for transactions, particularly from their Foreign Currency Accounts.
However, persons close to the BoG have told Joy Business that the current challenges stem not from a lack of foreign exchange, but from strict enforcement of existing foreign exchange laws requiring full documentation for dollar transactions.
A senior official at the BoG explained: "Last week, someone was complaining about delays in forex transfer.
