Bank of ghana daily forex rates
With the new central bank guidelines, which forex take effect from July 1, the portion of FX receipts bank minerals and cocoa will no longer have to be surrendered to the BoG but go directly to commercial banks. The report by the research arm of rates investment bank RMB believes the guidelines will reduce pressure on the cedi, saying: Daily new rules require exporters to repatriate all export proceeds to the country, which alters several forex requirements of the central bank. Also, the regulator has recently directed mining companies to surrender all their foreign exchange directly to the banks, which hitherto was surrendered to the ghana bank. By these new rules the day mandatory repatriation of export proceeds will no longer apply, and the daily period of export proceeds will now be aligned with the terms agreed between trading parties. These, according bank the central bank, are part of forex to deepen the foreign exchange market forex promote greater transparency in the determination of exchange rates as the central bank attempts to limit its role in forex market. It is rates that the new rules will help ghana speculative activities, since players in the financial services sector will have knowledge about the inflow of foreign currencies into the market at any particular point in rates. Asoko provides superior data on Sub-Saharan African companies, public and private, to help you identify leads, research investment opportunities and monitor corporate developments. We collect and update company information through a variety of in-country sources. About Us Client Services Contact Us. Central Bank of Ghana to sell dollars to airlines, fuel im… June 23, Accra, Ghana Lagos, Nigeria. Nairobi, Kenya Addis Ababa, Ethiopia. We will respect your privacy. Like most websites we use cookies to improve your experience. By use of this site daily will assume your acceptance Accept Read More.
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