BoG reduces forex market intervention in Q2 2025

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• Mensa 3 months ago

  You dey manipulate taya

  You dey manipulate taya

  reply
• kusie 3 months ago

  people did not reduce prices except wise foreign companies so people shouldnt complain much,to the ignoramus when you pump $2 billion the money doesnt go to waste unless the currency continues to depreciate,when you pump $2 b ...
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  people did not reduce prices except wise foreign companies so people shouldnt complain much,to the ignoramus when you pump $2 billion the money doesnt go to waste unless the currency continues to depreciate,when you pump $2 billion you exchange it back to cedi and resell as long as the rate is stable you dont lose

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• Anti-Tax man,VA 3 months ago

  they wont lose cedis but theyll lose dollars in the reserve

  they wont lose cedis but theyll lose dollars in the reserve

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• Akwasi Borga 3 months ago

  Exactly
  And if they buy back the dollars, then the cedi will depreciate further

  Exactly
  And if they buy back the dollars, then the cedi will depreciate further

  reply
• Your era 3 months ago

  I been saying time will expose the governor of BOG

  I been saying time will expose the governor of BOG

  reply
• .mr amin 3 months ago

  Why can't BoG intervene to save the cedi which is key to the economy and the lives and health of the people we have our gold why can't we intervene? I think the BoG should neglect these usless so called iimf and the useless ...
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  Why can't BoG intervene to save the cedi which is key to the economy and the lives and health of the people we have our gold why can't we intervene? I think the BoG should neglect these usless so called iimf and the useless world Bank

  reply
• Your era 3 months ago

  Have you seen your stupidly, we have stopped sending money to ghana,and now revenue from tourism has reduced drastically.And your 419 goldboard is not working.

  Have you seen your stupidly, we have stopped sending money to ghana,and now revenue from tourism has reduced drastically.And your 419 goldboard is not working.

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• Alidu 3 months ago

  They were just yelling everywhere saying they have made a magic, l was even shocked of them, behaving as this is their first time of coming to power. Myself l have stopped remitting dollars to Ghana. Artificial manipulation h ...
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  They were just yelling everywhere saying they have made a magic, l was even shocked of them, behaving as this is their first time of coming to power. Myself l have stopped remitting dollars to Ghana. Artificial manipulation has caused us a lot of money yet goods and services they could not help to bring it down, so you illiterate and Coco seller you were happy because dollar has been deprecated, tell me the benefits

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• Perocles 3 months ago

  Artificial stabilisation? You go smell paper BoG

  Artificial stabilisation? You go smell paper BoG

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• Mandela 3 months ago

  Mensah, Your era, you are all enemies of the state.
  Why should you be sad when the cedi is appreciating against major currencies??

  Mensah, Your era, you are all enemies of the state.
  Why should you be sad when the cedi is appreciating against major currencies??

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• .mr amin 3 months ago

  Infact is just mind burgling why some people are sad when the cedi is appreciating enemies of stste

  Infact is just mind burgling why some people are sad when the cedi is appreciating enemies of stste

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• PAA. 3 months ago

  Enemies of the state
  Their prayer is that nothing works in Ghana
  They are very foolish and stupid

  Enemies of the state
  Their prayer is that nothing works in Ghana
  They are very foolish and stupid

  reply
• @ Mr amin 3 months ago

  I don't think anyone is sad that the cedi is appreciating, it is the way some people have buried their heads in the sand. What BOG was doing was unsustainable. It is short term relief and the pain will start again soon when t ...
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  I don't think anyone is sad that the cedi is appreciating, it is the way some people have buried their heads in the sand. What BOG was doing was unsustainable. It is short term relief and the pain will start again soon when the cedi starts depreciating. Who do we think we are fooling?

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• Boat 3 months ago

  It’s no longer just frustrating, it’s disheartening. The economic managers are undoubtedly aware of the losses many of us have suffered, yet the decision to halt FX interventions now only compounds the damage. Critical se ...
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  It’s no longer just frustrating, it’s disheartening. The economic managers are undoubtedly aware of the losses many of us have suffered, yet the decision to halt FX interventions now only compounds the damage. Critical sectors like pharmaceuticals saw no price relief when the dollar fell, but the moment the cedi slips, prices surge without restraint. This pattern deepens inequality and pushes more families into poverty.
  
  Injecting over $4.4 billion into the economy to score political points was a reckless move. You don’t deploy a strategy of that scale without a long-term plan. Starting what you can’t sustain only breeds instability and erodes public trust.
  
  That money could have been far better spent, on agriculture, infrastructure, and industrial development. Most Ghanaians understood the gravity of our economic situation. A slow, deliberate recovery would have earned patience and support. Instead, we got a short-lived illusion of stability.
  
  Had the FX intervention been timed for next year, it could’ve been strategic. With dollar buffers in place, the government could have flooded the market to suppress forex rates, settled deferred debts and matured bonds, and then allowed the market to recalibrate organically. That’s what a real strategy looks like, one built on patience, not panic.
  
  Don't stop the FX intervention!

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• Bright 3 months ago

  @Boat, nyansa po!.You make so much sense.Governor Asiamah take it up.

  @Boat, nyansa po!.You make so much sense.Governor Asiamah take it up.

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• kusie 3 months ago

  that injection is not waste its even gain the BOG gets the money back after exchanging when the cedi gains

  that injection is not waste its even gain the BOG gets the money back after exchanging when the cedi gains

  reply
• Boat 3 months ago

  Ghana’s economic challenges are deepening, and the signs are clear: treasury bills are undersubscribed, interest rates are climbing, and I'm predicting inflation to rise by 1–2 percentage points this month. These developm ...
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  Ghana’s economic challenges are deepening, and the signs are clear: treasury bills are undersubscribed, interest rates are climbing, and I'm predicting inflation to rise by 1–2 percentage points this month. These developments threaten to undermine the credibility of our economic managers not because they lack tools, but because they’ve failed to manage public expectations and sentiment.
  
  Our economy is heavily sentiment-driven. Once public trust erodes, the cedi will spiral downward with unprecedented speed. The NDC has the people behind them and the mandate to act wisely. Their task is not to overpromise, but to stabilize expectations and avoid self-inflicted wounds.
  
  There’s still a chance to restore confidence. Let the cedi find its footing organically. Preserve revenue from gold and cocoa exports. Delay major infrastructure spending until January, hoard dollars in sinking-funds or BoG reserves. And most importantly, communicate transparently with Ghanaians. We deserve to understand the challenges and the roadmap ahead.
  
  The path to recovery isn’t complicated, it’s practical and that has been our problem as a nation right from the go. Revive state farms, especially poultry, and ban import of poultry. Deploy military engineers into public construction. Own the firms, procure the machinery, employ the workers, and cut costs. Even if we can’t industrialize overnight, we must be able to feed ourselves. Fixing agriculture and reducing food imports to below 15% would be a game-changer; the cedis will do well.
  
  Economic management isn’t rocket science, it’s about pragmatism, discipline, and trust.

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• Dan 3 months ago

  Reducing forex injection is a big mistake. Why should the Governor bow to world bank and imf?. Ghana government is doing a harm to the country because, if $1 is GHs 10.95 and and the minimum wage is not up to Ghs1000.00, what ...
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  Reducing forex injection is a big mistake. Why should the Governor bow to world bank and imf?. Ghana government is doing a harm to the country because, if $1 is GHs 10.95 and and the minimum wage is not up to Ghs1000.00, what has the government of Ghana achieved? Economically, if more dollars are injected into the system, every Ghanaian will take his or her job serious and it will lower the cost of living as well. Government should rethink of it.

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• Akwasi Borga 3 months ago

  Only if the government had an infinite supply of dollars, which is not the case.

  Only if the government had an infinite supply of dollars, which is not the case.

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