• Login
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
  • Home
  • News
    • General
    • Political
  • Economy
  • Business
    • Agribusiness
    • Aviation
    • Banking & Finance
    • Energy
    • Insurance
    • Manufacturing
    • Markets
    • Maritime
    • Real Estate
    • Tourism
    • Transport
  • Technology
    • Telecom
    • Cyber-security
    • Cryptocurrency
    • Tech-guide
    • Social Media
  • Features
    • Interviews
    • Opinions
  • Reports
    • Banking/Finance
    • Insurance
    • Budgets
    • GDP
    • Inflation
    • Central Bank
    • Sec/Gse
  • Lifestyle
    • Sports
    • Entertainment
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video
No Result
View All Result
No Result
View All Result
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
No Result
View All Result
Home Business

Dollar auction oversubscribed by 350%

3 years ago
in Business, Features, highlights, Home, home-news, latest News, Markets
2 min read
0 0
0
152
VIEWS
Share on FacebookShare on TwitterShare on Linkedin

Dollar auction oversubscribed by 350%

The Central Bank in its forex forward rates auction on Tuesday, May 31, exceeded its target of raising $50 million.

The Bank of Ghana (BoG), in the auction held accepted in total some $50 million in bids submitted by banks, importers, exporters and other persons and businesses that have need of the American dollar for their transactions.

The BoG however, rejected bids to the tune of $125 million made by buyers of the greenback.

The rejected $125 million was out of a total $175 million bids submitted by buyers.

Bids were made for the 7 day, 15 day, 30 day, 45 day and 60 day tenors.

Total bids submitted for the 7 day tenor amounted to $81.25 million of which the BoG accepted $12.75 million.

RelatedPosts

Financial Stocks Gain as Accra Bourse Slips on Prime Index Decline

Ghana in Talks With Nigeria Over Possible Barter Deal to Swap Gas for Electricity

Ghana set to Save $300m in Debt Restructuring Deal With IPPs – ACEP’s Ben Boakye Discloses

For the 15 day, 30 day and 45 day tenors, bids made totaled $56.75 million, $30.5 million and $3.75 million respectively.

The BoG, for the 15 day, 30 day and 45 day tenors accepted bids totaling $20.25 million, $14 million and $2.5 million respectively.

For the 60 day tenor, the BoG accepted $500,000 out of the $2.5m bids submitted.

No bids were made for the 75 day tenors.

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 banks, importers, exporters and other businesses.

Memo Fx Forward Auction Result No 0070 by Fuaad Dodoo on Scribd

Tags: Bank of Ghana (BoG)Dollar auction oversubscribed by 350%ghana
No Result
View All Result

Highlights

Morocco and Madagascar set up Historic CHAN Final in Nairobi

US Open: Defending Champions Swiatek and Sinner Cruise Into Second Round

Otto Addo Names Strong 24-Man Squad As Black Stars Prepare For Crucial World Cup Qualifiers Against Chad and Mali

FEC 2025: NRGI Warns Fossil Fuel Investments Risk Undermining Africa’s Energy Transition; Lists Innovative Financing Instruments to Plug Transition Funding Shortfall

Kwesi Appiah: The Ghanaian Legend Rewriting Sudan’s Football Story Amid War

Cadillac Signs Sergio Perez and Valtteri Bottas for 2026 F1 Debut

Trending

Features

Financial Stocks Gain as Accra Bourse Slips on Prime Index Decline

August 27, 2025

Financial Stocks Gain as Accra Bourse Slips on Prime Index Decline The Ghana Stock Exchange (GSE) closed...

Ghana in Talks With Nigeria Over Possible Barter Deal to Swap Gas for Electricity

August 27, 2025

Ghana set to Save $300m in Debt Restructuring Deal With IPPs – ACEP’s Ben Boakye Discloses

August 27, 2025

Morocco and Madagascar set up Historic CHAN Final in Nairobi

August 27, 2025

US Open: Defending Champions Swiatek and Sinner Cruise Into Second Round

August 27, 2025

Who we are?

NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World

NorvanReports is a unique data, business, and financial portal aimed at providing accurate, impartial reporting of business news on Ghana, Africa, and around the world from a truly independent reporting and analysis point of view.

© 2020 Norvanreports – credible news platform.
L: Hse #4 3rd Okle Link, Baatsonaa – Accra-Ghana T:+233-(0)26 451 1013 E: news@norvanreports.com info@norvanreports.com
All rights reserved we display professionalism at all stages of publications

No Result
View All Result
  • Home
  • Business
    • Agribusiness
    • Aviation
    • Energy
    • Insurance
    • Manufacturing
    • Real Estate
    • Maritime
    • Tourism
    • Transport
    • Banking & Finance
    • Trade
    • Markets
  • Economy
  • Reports
  • Technology
    • Cryptocurrency
    • Cyber-security
    • Social Media
    • Tech-guide
    • Telecom
  • Features
    • Interviews
    • Opinions
  • Lifestyle
    • Entertainment
    • Sports
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
NORVANREPORTS.COM | Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.