We haven’t handed over our forex role to Goldbod – BoG Governor Asiama

Bank of Ghana (BoG) Governor, Dr Johnson Asiama, has dismissed suggestions that the central bank has handed over its foreign exchange market responsibilities to Goldbod, saying it remains ready to intervene when necessary to maintain stability.

The central bank has indicated that it does not anticipate undertaking a foreign exchange intermediation programme, although it remains ready to intervene to maintain orderly market conditions.

Market concerns The Governor was responding to questions about the respective roles of the Bank of Ghana and GoldBOD in foreign exchange intermediation and what the arrangements mean for the cedi’s stability.