BoG to inject $1 billion into FX market in January 2026 under intermediation programme

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Jones 3 months ago

hmmmmmm Ghanaians are going to be relieved with this intervention. This is good governance.

hmmmmmm Ghanaians are going to be relieved with this intervention. This is good governance.
.mr amin 3 months ago

BoG go on support the cedi don't mind the so called economist who just don't like the cedi to appreciate neglect them let the cedi appreciate to a single digit, if you have money you don't let your children to go hungry

BoG go on support the cedi don't mind the so called economist who just don't like the cedi to appreciate neglect them let the cedi appreciate to a single digit, if you have money you don't let your children to go hungry
Housemaid 3 months ago

Ay3 ka. Bawumia is having dysentery. Cecilia Dapaah is saying tsweu with anger over her sacks of dollar bills. Asem behn koraaaa ni?

Ay3 ka. Bawumia is having dysentery. Cecilia Dapaah is saying tsweu with anger over her sacks of dollar bills. Asem behn koraaaa ni?
Annan 3 months ago

Abu julor kwakwe Jinapor. Those stolen dollars you have stacked in the polytank will soon become toilet paper. Massa run to the market to go and change them before it is too late. Criminal. You will lose the Damongo seat

Abu julor kwakwe Jinapor. Those stolen dollars you have stacked in the polytank will soon become toilet paper. Massa run to the market to go and change them before it is too late. Criminal. You will lose the Damongo seat
prophet mohammed was a sick dog 3 months ago

Say no to islam and convert to a real religion.
Allah is satanic scum and qur'an is toilet paper.........Search online for ways to move away from evil islam...........You can join ex-muslim groups online and be safe. Yo ...
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Say no to islam and convert to a real religion.
Allah is satanic scum and qur'an is toilet paper.........Search online for ways to move away from evil islam...........You can join ex-muslim groups online and be safe. You are not alone. Burn the qur'an.
Nana Kwaku Odomankomah 2 months ago

So you are religious?
Which prophet talked about his personal faith and beliefs ?

Every prophet spoke about knowledge and understanding and never about beliefs.

Little minds dwell on beliefs. Knowledge is the best way ...
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So you are religious?
Which prophet talked about his personal faith and beliefs ?

Every prophet spoke about knowledge and understanding and never about beliefs.

Little minds dwell on beliefs. Knowledge is the best way to God. Without knowledge, people perish
Anyone who dwells on faith and beliefs shall also perish
Stanley Glover 2 months ago

Julor kwakwe , worse than obishi. Faceless thieves.

Julor kwakwe , worse than obishi. Faceless thieves.
Mahama 24 Hour Economy is Real & West Togoland independence 2 months ago

This injection will be regretted soon. Imagine the economy was expended with the 250 million dollars so far used.

This is money that could constrct railway line from Adenta to Accra to ease traffic, improve quality of life ...
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This injection will be regretted soon. Imagine the economy was expended with the 250 million dollars so far used.

This is money that could constrct railway line from Adenta to Accra to ease traffic, improve quality of life and bost the economy.

We are sad people.
Exchange rate is determined by market forces and exchange rate is a means to check unnecessary import cost
Korbla 2 months ago

Such a fool. You behave as if u understand what the BOG is doing meanwhile you are a stark illiterate. BOG is simply making FX available for transaction. This money is not being spent by anybody

Such a fool. You behave as if u understand what the BOG is doing meanwhile you are a stark illiterate. BOG is simply making FX available for transaction. This money is not being spent by anybody
Free Radical 3 months ago

Another sophisticated stealing strategy designed to $1 billion dollars by the criminals gangs.They wasted the $10 billion dollars bribing chiefs,fake prophets,fake pastors,Imams and fools talking nonsense for the Christmas gi ...
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Another sophisticated stealing strategy designed to $1 billion dollars by the criminals gangs.They wasted the $10 billion dollars bribing chiefs,fake prophets,fake pastors,Imams and fools talking nonsense for the Christmas gift from our Santa crus president and they need money to spend.

Allotey Jacobs 3 months ago

@ Free Radical. Go to court. You rogue. Osono maame will overturn the auctions. Kwasea. Wo maame twe

@ Free Radical. Go to court. You rogue. Osono maame will overturn the auctions. Kwasea. Wo maame twe
Jay in London 3 months ago

ANY POSITIVE BoG MOVE HAS BECOME COUNTER TO THE PROSPECTS OF THE NPP.

THE NPP HAS FOCUSED THEIR ATTACKS ON THE BoG AND THE GOLDBOD BECAUSE THESE TWO INSTITUTIONS ARE LARGELY RESPONSIBLE FOR THE FEEL-GOOD FACTOR THAT IS CUR ...
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ANY POSITIVE BoG MOVE HAS BECOME COUNTER TO THE PROSPECTS OF THE NPP.

THE NPP HAS FOCUSED THEIR ATTACKS ON THE BoG AND THE GOLDBOD BECAUSE THESE TWO INSTITUTIONS ARE LARGELY RESPONSIBLE FOR THE FEEL-GOOD FACTOR THAT IS CURRENTLY SWEEPING THROUGH GHANA.

THE NPP TACTICS IS OVERSTATING IMF CONCERNS AND DISINFORMING THE ILL-INFORMED ONES. IN OTHER WORDS, CONTINUE INSULTING THE INTELLIGENCE OF GHANAIANS. WHICH IS THEIR NUMBER TRADE MARK. BUT WE ALL KNOW WHERE THAT PLOY LANDED THEM IN THE LAST ELECTION.
Aba 3 months ago

Putting more billions of dollars will not help. This is just a short term intervention. It is like rubbing Peter to pay Paul. How can this go on? Can they divert those money to create jobs for the youth?

Putting more billions of dollars will not help. This is just a short term intervention. It is like rubbing Peter to pay Paul. How can this go on? Can they divert those money to create jobs for the youth?
Abena 3 months ago

@ Aba. The cedis acquired from the sales can equally be used to create jobs for the youth. Don't you have sense? Idiot

@ Aba. The cedis acquired from the sales can equally be used to create jobs for the youth. Don't you have sense? Idiot
Kofi 2 months ago

The cedis acquired from what sales?

The cedis acquired from what sales?
Good Citizen 2 months ago

The dollars are sold for cedis, so it is not free. The cedis are then use to finance the country. How does the Bank of Ghana gets dollars? And what is it supposed to do with it? Pile them up and for what? Please give a break ...
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The dollars are sold for cedis, so it is not free. The cedis are then use to finance the country. How does the Bank of Ghana gets dollars? And what is it supposed to do with it? Pile them up and for what? Please give a break you naysayers. SHAME
kelewele 3 months ago

But we depend on the IMF for $200 million dollars?

But we depend on the IMF for $200 million dollars?
Dr. Ishaq 3 months ago

@ kelewele. Akufo Monkey Addo has gone to the IMF already before Mahama came. Ask John Kumah

@ kelewele. Akufo Monkey Addo has gone to the IMF already before Mahama came. Ask John Kumah
@ Dr Ishaq 3 months ago

@ Dr Ishaq with no brain, it's the same as JDM took us to IMF before Akufo-Addo came. Ask your father.

@ Dr Ishaq with no brain, it's the same as JDM took us to IMF before Akufo-Addo came. Ask your father.
Joojo of Anomabo 3 months ago

So first fool is no fool, second fooooolll na him we dey talllkkk

So first fool is no fool, second fooooolll na him we dey talllkkk

s))mli 3 months ago

They call it "PUMP". The BOG calls it "SELL". Do you see the difference now?
In simple terms, they're are selling Dollars to those who need it. They receive GHS in return.

In conclusion, no money is lost.

NPP, STOP IT ...
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They call it "PUMP". The BOG calls it "SELL". Do you see the difference now?
In simple terms, they're are selling Dollars to those who need it. They receive GHS in return.

In conclusion, no money is lost.

NPP, STOP IT NOW BEFORE YOU BECOME..........
YOOOO
Sometimes 2 months ago

Simple mathematics people don't get it, it u go to abochi to exchange yr dollar which of u lost money, none. BoG don't give free dollars to any Bank they sell

Simple mathematics people don't get it, it u go to abochi to exchange yr dollar which of u lost money, none. BoG don't give free dollars to any Bank they sell
Francis Mccarthy 3 months ago

$1 to Cedi Ghs8 by end of January. God bless NDC John Mahama

$1 to Cedi Ghs8 by end of January. God bless NDC John Mahama
Kramai 2 months ago

wont happen will make exports unattractive,exports are also needed as it provides sustainable jobs for many especially in agriculture

wont happen will make exports unattractive,exports are also needed as it provides sustainable jobs for many especially in agriculture
Kwame panin 3 months ago

Massaging the exchange rate. What innovation is in this artificial galamsey led intervension? We degrade the environment to support the cedi. Water bodies are being polluted with government support. What happened to the ...
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Massaging the exchange rate. What innovation is in this artificial galamsey led intervension? We degrade the environment to support the cedi. Water bodies are being polluted with government support. What happened to the 24hr economy?
Sense 3 months ago

NPP zombies let me educate you this is what your useless little brain leaders couldn’t do, the word “intermediation” means that the bank of Ghana won’t go out to borrow money the way the incompetent NPP government did ...
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NPP zombies let me educate you this is what your useless little brain leaders couldn’t do, the word “intermediation” means that the bank of Ghana won’t go out to borrow money the way the incompetent NPP government did by borrowing 3 billion dollars every January at bond market, here the BOG will go to the commercial banks and tell them to ask their customers who needs dollars to bring cedis equivalent of 1 billion dollars and the BOG will give the Cedi to Goldbod and they will go out to buy gold for the BOG to sell them abroad and bring the dollars to the commercial which they will sell it back to their customers who needs dollars
Rok 3 months ago

@Sense, You have made the explanation easy for Npp Mp's and their illiterate supporters. Economies make easy.

@Sense, You have made the explanation easy for Npp Mp's and their illiterate supporters. Economies make easy.
Yaa 2 months ago

Bank of Ghana raises the cash for gold buying in cedis (strong currency) on the local market. It passes the cash to Goldbod, which has a nice deal with Alhaji Bawa, the national aggregator.

Goldbod negotiates a buyer's pr ...
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Bank of Ghana raises the cash for gold buying in cedis (strong currency) on the local market. It passes the cash to Goldbod, which has a nice deal with Alhaji Bawa, the national aggregator.

Goldbod negotiates a buyer's price with galamseyers, other small-scale producers and large mining companies (20% of output) IN CEDIS (strong currency), usually based on the world market price of gold and not what gold would usually sell for in Ghana. I.e. a very high price.

Alhaji Bawa takes the Bank of Ghana money from Goldbod to pay the off-takers/buyers who collect directly from producers and he quickly delivers the gold to Goldbod. The off-takers add on fat fees. Alhaji Bawa also has to remind himself to charge his own fee. He has to return the money to Goldbod within three days.

All of this swells the cedi price paid for gold in Ghana.

Goldbod then sells a consignment on the international market FOR DOLLARS (weak currency; the spot price varies). It puts whatever it gets back into the Bank of Ghana. If it makes a loss in selling, the loss goes onto the books of the Central Bank.

"Clever", isn't it? NOT.
Useless NDC- 24 hour economy 419 2 months ago

Useless NDC- 24 hour economy 419

Useless NDC- 24 hour economy 419
Kwaseato 2 months ago

With the $10 billion they spent doing the same thing last year, did the cedi not fall to almost 12ghc to the dollar? You NDC people are just mentally retarded to support anything your government does. This action is not diffe ...
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With the $10 billion they spent doing the same thing last year, did the cedi not fall to almost 12ghc to the dollar? You NDC people are just mentally retarded to support anything your government does. This action is not different from fetching water in a basket. What effect did Ghana have on the cedi when Ofori Atta did the same nonsense. These fools are only enriching Nigerians with banks in Ghana

Dr who 3 months ago

Interventions sustain stability short-term. without no evidence of structural changes or long term plan putting all your bets on gold.

Interventions sustain stability short-term. without no evidence of structural changes or long term plan putting all your bets on gold.
Og 2 months ago

You have to crawl before you walk. Think deep

You have to crawl before you walk. Think deep
Nana Kwaku Odomankomah 2 months ago

Your choice of words makes room for public accusations.
Why do you call it injection?
Is it not for currency circulation? The BOG uses the GHC traders deposit for their purchases and give them back the USD for the foreign p ...
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Your choice of words makes room for public accusations.
Why do you call it injection?
Is it not for currency circulation? The BOG uses the GHC traders deposit for their purchases and give them back the USD for the foreign payments. Indeed, either G4R or GoldBod activities, the BOG needs the GHC to survive in the field of their activities.
So calling the process injection gives the opposition parties a propaganda tool to make false accusations.
Kojois 2 months ago

Only useless and visionless govt will do tjis kind of stupidity why jobless youth were crying for jobs you are busy creating jobs for China. Buy and sell country

Only useless and visionless govt will do tjis kind of stupidity why jobless youth were crying for jobs you are busy creating jobs for China. Buy and sell country
Ansah 2 months ago

You can't see it's relevance because you are a fool and you don't want to learn. Go and update yourself on basic economics so you understand.

You can't see it's relevance because you are a fool and you don't want to learn. Go and update yourself on basic economics so you understand.
Ansah 2 months ago

Even America heavily depends on import of goods and services everyday. Go and learn and stop spewing rubbish here.

Even America heavily depends on import of goods and services everyday. Go and learn and stop spewing rubbish here.
Essilfi 2 months ago

When inflation and exchange rate is reduced then companies can increase their services create jobs. Job creation s does not happen overnight. Do you have to study rocket science before you understand this simple cycle? Beside ...
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When inflation and exchange rate is reduced then companies can increase their services create jobs. Job creation s does not happen overnight. Do you have to study rocket science before you understand this simple cycle? Besides no money is lost. It's just a circulation of money. An exchange of dollar with cedis. Nothing is lost.
Isaac 2 months ago

Thank you. This one you don't have to spend a year in school before you understand. Some people's IQ level is very low yet they don't humble themselves and learn. Very pathetic

Thank you. This one you don't have to spend a year in school before you understand. Some people's IQ level is very low yet they don't humble themselves and learn. Very pathetic
Kofi 2 months ago

Ansa are you in the US?America depends on demand and supply. That is why the economy runs in twenty four hours. For American companies to expand and make profits that Trump put heavy tariffs on foreign products entering the c ...
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Ansa are you in the US?America depends on demand and supply. That is why the economy runs in twenty four hours. For American companies to expand and make profits that Trump put heavy tariffs on foreign products entering the country.
Boston_finnest 2 months ago

This will crush Ghana goods and services in the international markets. Will make Ghana goods and services expensive in the international markets. Stupid policy. The govt just want to get brow ie pointS

This will crush Ghana goods and services in the international markets. Will make Ghana goods and services expensive in the international markets. Stupid policy. The govt just want to get brow ie pointS
Emefa 2 months ago

@Boston
So you want goods and services we import to be expensive right? So that inflation would increase is that you want? Think okay?

@Boston
So you want goods and services we import to be expensive right? So that inflation would increase is that you want? Think okay?
Ekd 2 months ago

They are making it easier for dollars to leave the country. Cheaper to import and expensive to export. We become a consuming country instead of a producing country. Is this good for the country? NO.

They are making it easier for dollars to leave the country. Cheaper to import and expensive to export. We become a consuming country instead of a producing country. Is this good for the country? NO.
Emefa 2 months ago

@EKD
We are making easier for the dollar to leave Ghana?
Do we use dollar in Ghana? If no then, why should we hoard it like some politicians were doing? We spend cedis in Ghana and we spend dollars to import goods and serv ...
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@EKD
We are making easier for the dollar to leave Ghana?
Do we use dollar in Ghana? If no then, why should we hoard it like some politicians were doing? We spend cedis in Ghana and we spend dollars to import goods and services.
A bunch of idiots 2 months ago

These fools are just totally useless. $10 billion has already been spent on this nonsense while nurses and teachers haven't been paid their salaries for 12 months now. Couldn't that $1 billion be spent on building dual carria ...
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These fools are just totally useless. $10 billion has already been spent on this nonsense while nurses and teachers haven't been paid their salaries for 12 months now. Couldn't that $1 billion be spent on building dual carriageways to save lives?
Philip 2 months ago

A stronger cedi is good, but it won’t lower the cost of living on its own. The government must also keep prices in check so Ghanaians actually feel the benefit. Strengthen the cedi, yes—but make life affordable too!

A stronger cedi is good, but it won’t lower the cost of living on its own. The government must also keep prices in check so Ghanaians actually feel the benefit. Strengthen the cedi, yes—but make life affordable too!
But prices still goes up. 2 months ago

Exactly. A strong cedi is useless if prices remain the same or keeps going up.

Exactly. A strong cedi is useless if prices remain the same or keeps going up.
Kofi 2 months ago

Where did the bank get the money from?Is it borrowed from China or the Reserve dollars from the former government.? Injection of dollars into the economy to ease inflation is stupid economic policy. And the Reserve money fini ...
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Where did the bank get the money from?Is it borrowed from China or the Reserve dollars from the former government.? Injection of dollars into the economy to ease inflation is stupid economic policy. And the Reserve money finishes what will the government do?
But prices still goes up. 2 months ago

I don't see how this helps the people when market prices on good and services are still going up. When the cedi is strong, traders are supposed to reduce prices but don't.

I don't see how this helps the people when market prices on good and services are still going up. When the cedi is strong, traders are supposed to reduce prices but don't.
HoInGhana 2 months ago

Well, well... Bog can put 1 Bill US dollars for sale. Why Not Using that Money, to pay IMF & Co??? All a SCAM! And prices for most items still go up! Are you really that BLIND? They sell out the Gold of Ghana. And then fill t ...
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Well, well... Bog can put 1 Bill US dollars for sale. Why Not Using that Money, to pay IMF & Co??? All a SCAM! And prices for most items still go up! Are you really that BLIND? They sell out the Gold of Ghana. And then fill their own pocket legally, due to exchange manipulation! Bog and those higher up in power know exactly, when to change their piles of Cedis into dollars and reverse! That manipulation benefits the rich, and not the ordinary Ghanaian! Most of you don't look behind the curtains!
HoInGhana 2 months ago

2008 Ghana had 10 Bill US dollar Debts. NDC came to power 2009, January Debts went up to 13 Bill. By end 2016, debts went up to 35 Bill US dollars! NPP came to power 2017, Jan. End of 2017, debts went down to less than 34 Bil ...
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2008 Ghana had 10 Bill US dollar Debts. NDC came to power 2009, January Debts went up to 13 Bill. By end 2016, debts went up to 35 Bill US dollars! NPP came to power 2017, Jan. End of 2017, debts went down to less than 34 Bill. 2019 ending, debts went down to 32.6 Bill. Then... COVID came and messed economies Worldwide up, including PRICE HIKES WORLDWIDE! GHANA'S DEBTS BY END 2023, THE NEAR END of Covid... was 43.8 Bill! The NDC managed to increase the debts of Ghana between 2009 to 2016 ending, by of 24 BILLION US DOLLARS! The NPP managed tk reduce these debts until Covid. However, the overall debts increase rent was 10 Billion over a time from 2017 January, until 2025 January. As of Juve 2025, all debts of Ghana stand now by 59.4 BILL US DOLLARS!
HoInGhana 2 months ago

* 28.5 Bill EXTERNAL DEBTS. And about 29 Bill internal debts as of that time.

* 28.5 Bill EXTERNAL DEBTS. And about 29 Bill internal debts as of that time.
Osei-Rotterdam 2 months ago

What is wrong with this government? And what is wrong with the IMF at all? This government is throwing such amount of money away just to cushion the cedi. Billions of America dollars thrown away in a period of let's say 12 m ...
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What is wrong with this government? And what is wrong with the IMF at all? This government is throwing such amount of money away just to cushion the cedi. Billions of America dollars thrown away in a period of let's say 12 months since ndc government assumed power. Yet,IMF still bailing Ghana from financial crisis. Who told them(IMF) that ndc government is in financial crisis? All the money which they could have used to implement their mighty flagship. programme (24 HOUR ECONOMY) being wasted. Youths are disappointed, nurses, teachers, traders are all disappointed. Every sector of the country. Ei ei Ghana paninfuo hmmm

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BoG to inject $1 billion into FX market in January 2026 under intermediation programme

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