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Ghana FX & BoG Policy

9 posts

Cedi trends, BoG actions, inflation, fiscal updates and IMF programs.

report large fx transactions

BoG to Forex Bureaus: Report GH¢20,000+ FX Sales and Purchases to FIC

Ghana’s forex bureaux face a sweeping crackdown: GH¢20,000 triggers mandatory FIC reporting, while US$10,000 transactions now demand biometric verification or outright rejection.
ghanaian cedi outperforms peers

Cedi Ends 2025 as Africa’s 4th-Best-Performing Currency—Defying the Doom Narrative

Ghana’s cedi exploded 48% in 2025, crushing three decades of losses. How gold reserves and fiscal reform flipped Africa’s currency doom story.
strongest african currency rally

How Did the Cedi End 2025 as Africa’s #4 Best-Performing Currency?

Ghana’s cedi surged 50% against the dollar, then crashed 13% in three months. How gold hoarding and rate shocks created Africa’s most volatile comeback story.
cedi surpasses forecasts rises

Cedi Defies Expectations, Ends 2025 as Africa’s 4th Best-Performing Currency

Ghana’s cedi soared 27.75% in 2025 while neighbors struggled—gold, remittances, and policy discipline rewrote the script. Can momentum survive 2026’s fiscal pressures?
bank pumps 10bn forex

Bank of Ghana Pours $10bn Into Forex Market—Bold Support for Cedi or Risky Bet?

Bank of Ghana dumps $10 billion to rescue the cedi—reserves somehow climb anyway. The math doesn’t add up until you see the gold.
ghana criticized for currency defense

World Bank Joins IMF in Warning on Ghana’s Heavy‑Handed Currency Defense

World Bank and IMF issue stark warning: Ghana’s $1.4 billion currency defense is a “dangerous game” that threatens economic collapse and household survival.
west african currencies remain stable

Africa FX Surprise: Nigeria’s Naira, Ghana’s Cedi Among Currencies Seen Stable

Nigeria’s naira and Ghana’s cedi defied crisis predictions in 2025—gold reserves and policy shifts stabilized currencies experts expected to collapse.
imf supports stricter forex controls

IMF Backs Bank of Ghana’s Tougher Forex Rules—Can They Really Steady the Cedi?

The IMF approves Ghana’s forex crackdown as the cedi hits GH₵12.15 per dollar. But can enforcement alone stop a currency with a history of defying control?
ghana proposes forex regulation

Ghana Plans Forex Trading Regulation—Investor Shield or Market Squeeze?

Ghana’s new forex rules could spark West Africa’s trading revolution—or choke it. Mandatory licensing, withdrawal fees, and broker suspensions begin September 2025.