bids

Demand for the US dollar surged further, according to the latest auction of the American ‘greenback’ by the Bank of Ghana (BoG). Data from the Central Bank indicates that demand surpassed supply by $79.75 million, compared with $75.25 million recorded a fortnight ago. According to the latest result from the sale of dollars through the Forex Forward Rates Auction to dealers, the Bank of Ghana supplied $25 million to the dealers, largely the banks. However, the bids submitted for the purchase of the American ‘greenback’ was estimated at $104.75 million, higher than the $100.25 million recorded a fortnight ago (October…