Forex Auction: Bank of Ghana sets $450m target for Q1 2022
The Bank of Ghana [BoG] has set a forex auction target of $450 million for the first quarter of 2022.
The $450 million to be auctioned from January 11, 2022 to March 3, 2022, will see the Central Bank auction an amount of $75 million every week.
Announcement of the auction target is per the Bank’s Q1 2022 Auction Calendar for Foreign Exchange Forward Auctions.
Receipt of bids for dollars by the BoG from primary dealers, will be between 9.30am and 10.30am on the date of the auction with the auction results announced at 3.00pm on the date of the auction.
The BoG for the year 2021 set aside some $775 million for its forex forward auction programme.
The BoG’s forex forward auction programme is to help govern the conduct of forex auctions on the interbank foreign exchange market, deepen the forex market and reduce uncertainty on the future availability of dollars to meet the forex need of importers and exporters.
Read details of notice below:
202112 Publication of 2022 Foreign Exchange Forward Auction Calendar by Fuaad Dodoo on Scribd
