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In the FX auction for Q1 2023, BoG intends to sell $200 million to BDCs.

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According to the BoG auction calendar, there will be a bi-monthly sale of $40 million in January 2023 and a bi-monthly sale worth $30 million in each of the following months: February 2023 and March 2023.

Due to the required format to buy the US dollars against the cedi notes separately on each auction date, the BoG has also issued an invitation for bids.

The American “greenback” will likewise be put up for auction between January 12 and March 29, 2023.

The BoG stated that “receipt of bids will be made from 9:30am to 10:30am on each auction day with the announcement of the auction results made at 3pm on each auction date.”

In the FX auction for Q1 2023, BoG intends to sell $200 million to BDCs.
In the FX auction for Q1 2023, BoG intends to sell $200 million to BDCs.

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