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Compiled By: Prince Henry Danquah, Bora Capital Advisors Ltd.
The Bank of Ghana will auction $120 million to Bulk Oil Distribution Companies (BDCs) in the fourth quarter of 2024.
This is the same amount it sold to the BDCs in the second and third quarters this year.
According to its Forex Forward Auction Calendar, $40 million will be sold to the BDCs in each month of quarter four, 2024.
In October 2024, the Central Bank will auction $20 million each to the BDCs.
The same would be done in November 2024, as two auctions will take place on November 13 and November 27, 2024.
It would also sell $20 million each to the BDCs on December 12, 2024, and December 27, 2024.
Source: newsthemegh.com