BoG to sell up to $1bn in August as cedi faces fresh dollar demand pressure

REUTERS/Willy Kurniawan/File Photo Purchase Licensing Rights The Bank of Ghana (BoG) is set to inject up to $1 billion into the foreign exchange market in August 2026 through its Forex Intermediation Programme, as the Ghana cedi faces renewed pressure from increased dollar demand.

The central bank has reiterated its commitment to transparency, saying it will continue to disclose relevant information on its foreign exchange market operations, including activities under the FX Intermediation Programme.

The central bank told commercial banks that the July operations were conducted in a “market neutral manner” on a spot basis through twice-weekly open auctions accessible to all licensed commercial banks.