BoG is boosting the amount of foreign exchange it will make accessible to the market through its Forex Intermediation Program.

Compiled By: Prince Henry Danquah, Bora Capital Advisors Ltd

The Bank of Ghana (BoG) is increasing the amount of foreign exchange it will make available to the market under its Forex Intermediation Programme for June 2026, as the cedi continues to come under pressure.

Joy Business understands that the central bank plans to auction up to $1.2 billion this month, up from the US$1 billion it sold in May.

It is not immediately clear whether the decision was influenced by the recent depreciation of the cedi or forms part of the Bank’s broader forex support strategy for 2026.

However, a circular to commercial banks sighted by JOYBUSINESS indicated that future monthly auction volumes will be determined by prevailing market conditions.

Source: newsthemegh.com