FX  Forward Auction

BoG To Sell $120M To BDCs In Quarter 3, 2023

BoG To Sell $120M To BDCs In Quarter 3, 2023

The Bank of Ghana would sell $120 million to Bulk Oil Distribution Companies (BDCs) in the third quarter of 2023. This will be done via the FX Forward Auction Calendar for the third quarter of 2023. According to the calendar, $40 million each would be auctioned in July 2023, August 2023 and September 2023 respectively. $20 million each will be sold on July 14 and 28, 2023 respectively. Another $40 million dollars will be sold in August 2023. $20 million each would be sold on August 15 and August 30, 2023, respectively. The Central Bank will once more sell $40…
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