Bank of Ghana Invests $20 Million to Boost Cedi and Fuel Stability
The Bank of Ghana (BoG) has recently taken a significant step forward by disbursing $20 million to ten Bulk Oil Distribution Companies (BDCs). This initiative, part of a strategic foreign exchange (FX) forward auction, underscores the central bank’s continuous commitment to stabilizing the Ghanaian cedi and securing reliable fuel supplies in the country. As we reflect on these collective efforts, one has to wonder: how do such financial maneuvers influence our daily lives and the economy at large?
Fixed Rate Auction: A…