'We've met every single dollar demand from banks' - BoG Governor

The Governor of the Bank of Ghana, Dr Johnson Asiama, has quashed claims that commercial banks are struggling to secure dollars from the central bank to meet customer demands.

Speaking at the Monetary Policy Committee (MPC) press conference on Wednesday, September 17, 2025, Dr Asiama stated that the central bank has fulfilled all recent dollar requests from commercial banks.

“Over the past weeks, there was no single demand that we have not met... I will be really surprised if businesses are still having problems getting dollars from the commercial banks," he said.

The BoG Governor attributed any lingering challenges to documentation issues, rather than shortages in foreign exchange supply.

Cedi weakens further to sell at GH¢12.25 to $1 on interbank market

Despite recent pressures on the local currency, Dr Asiama emphasised the strength of Ghana’s reserves and the resilience of the Ghana cedi.

As of September 12, 2025, the cedi had appreciated by approximately 21% year-to-date, placing it among the strongest performing currencies globally.

“We have enough reserves to meet all import demands from now to the end of the year... Therefore, I find it interesting what all the anxiety may be about when it comes to the Ghana cedi," he said.

According to the Bank of Ghana’s September Economic and Financial Data, Ghana recorded a trade surplus of $6.2 billion in the first eight months of the year.

The country’s international reserves stood at $10.7 billion in August, sufficient to cover about 4½ months of imports.

SA/AE

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