The Bank of Ghana (BoG) is scaling down its Foreign Exchange Intermediation Programme under the revised Domestic Gold Purchase Initiative.

According to data from Joy Business, the Central Bank intends to sell about $800 million on the market ahead of the festive season.

The bank auctioned $100 million on December 2, 2025, and another $100 million on December 4, 2025.

According to the BoG, the decision was influenced by a reduction in Foreign Exchange (FX) demand during the Christmas period.

It noted that when market sentiment slows, FX demand requirements ease.

The bank’s auctions are conducted under its recently approved FX Operations Framework.

Cedi sells at GH¢11.44 to a dollar on interbank market

In September 2025, the BoG revised its FX intermediation programme, auctioning $1.1 billion that month.

In October 2025, the amount increased to $1.3 billion.

Conversely, in November 2025, the bank sold its auction target of $1 billion.

For December 2025, the target has been reduced to $800 million.

SP/AE

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