BoG Pushes Back Against Dollar Ban Claims

BoG Pushes Back Against Dollar Ban Claims

Dr. Johnson Asiama   The Bank of Ghana (BoG) has dismissed claims that it is planning to prohibit over-the-counter (OTC) foreign exchange withdrawals, saying no changes have been made to the current regulations. In a public notice dated Thursday, May 15, the central bank stated emphatically that cash withdrawals in foreign currency from Foreign Exchange […] The post BoG Pushes Back Against Dollar Ban Claims appeared first on Ghanamma.com.

GAB Commends Bank of Ghana for Timely Clarification on OTC Dollar Withdrawals

The Ghana Association of Banks (GAB) has commended the Bank of Ghana (BoG) for issuing a timely and necessary statement clarifying its stance on Over-the-Counter (OTC) foreign currency withdrawals. According to the Association, the central bank’s statement helped stabilize the banking sector and restore confidence among depositors following some growing public anxiety. The Chief Executive Officer of the Ghana Association of Banks, Mr. John Awuah…

Editorial: Existing rules on foreign exchange withdrawals remain unchanged

In response to recent remarks by Bank of Ghana (BoG) Board Member Dr. Isaac Adongo – who suggested suspending over-the-counter foreign currency withdrawals, the Ghana Association of Bankers (GAB) has indicated that banks have not received any official directive from the Bank of Ghana. GAB Chief Executive John Awuah said banks only act on formal BoG directives, not individual board members’ comments. Meanwhile, the Bank of Ghana (BoG) has clarifi…

BoG sells $20m to BDCs at 12.5027

The Bank of Ghana (BoG) has sold $20 million to Bulk Oil Distribution Companies (BDCs) in a forward auction that will be settled in 30 days. The auction was held on May 14 and saw 9 BDCs put in bids ranging from 12.00 to 13.00 with the auction being settled at 12.5027 cedis per US […]

Bank of Ghana Confirms No Changes to Foreign Currency Withdrawal Rules

News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://newsghana.com.gh/bank-of-ghana-confirms-no-changes-to-foreign-currency-withdrawal-rules/The Bank of Ghana (BoG) has formally clarified that all existing regulations governing foreign exchange withdrawals remain unchanged, dispelling rumors of tightened restrictions. In an official notice dated 15 May 2025, the central bank reaffirmed that holders of Foreign Exchange Accou…