Bank of Ghana announces auction of dollar for BDCs

The Bank of Ghana has announced a foreign exchange forward auction limited to the 30-day tenor on March 30, 2022.

A statement issued by the Central Bank said the auction is for Bulk Oil Distributing Companies.

Per the guidelines, all authorized foreign exchange dealer banks are to comply with the provisions of the Code of Conduct for the Interbank foreign exchange market in Ghana.

The auction the BoG indicated shall be held under the among other conditions of an amount US$100 million.

Banks are to ensure that only qualified BDCs participate in the auction.

By: Rainbowraioonline.com/Ghana

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