BoG has reduced the magnitude and frequency of foreign exchange intervention in the FX market.

Compiled By: Prince Henry Danquah, Bora Capital Advisors Ltd.

The Bank of Ghana (BoG) has scaled back its size and frequency of foreign exchange intervention in the forex market.

The Central Bank, during the second quarter of 2025, intervened heavily in the forex market (over US$2.0 billion), a situation that the International Monetary Fund expressed concern about and urged the regulator to proceed with caution.

As of 29th July, 2025, the total foreign exchange forward sales in July 2025 stood at US$822.8 million, 53.6% lower than June 2025. 

Source: newsthemegh.com