Central Bank to Allocate $40 Million Monthly to BDCs in Q2 2025
The Bank of Ghana (BoG) will auction $120 million to Bulk Oil Distribution Companies (BDCs) in the second quarter of 2025, matching the allocation for the first quarter as it seeks to ensure liquidity for fuel imports.
According to the central bank’s Forex Forward Auction Calendar, $40 million will be sold each month, with auctions scheduled as follows:
April 2025: Two tranches of $20 million each.
May 2025: $20 million auctions on May 14 and May 28.
June 2025: Similar tranches on June 12 and June 26.
The BoG noted that auction windows will run between 9:30 AM and 10:30 AM, with results announced by 3:00 PM.
The auctions will adhere to existing guidelines, available on the central bank’s website.
The intervention is part of the BoG’s strategy to provide BDCs with access to foreign exchange, stabilising supply chains and mitigating volatility in the petroleum sector.
