BoG Injects $10bn Since 2025 (FX Support Drives Cedi Stability, Backs Key Payments)
The Bank of Ghana (BoG) has confirmed that it has put $10 billion into the economy since 2025 to stabilize the exchange rate and build up foreign reserves. This has mostly been done through payments to Independent Power Producers (IPPs) and bondholders. On Monday, January 12, Nii Sowah Ahorlu, Head of Financial Marketing at the BoG, and Governor Dr. Johnson Asiama spoke at a Public Accounts Committee meeting about the effects of the intervention. They said, “Relative to last year, we have had significant intermediation processes, and that is what we have observed in terms of the stability and appreciation we have incurred.” This year, our overall support for the market has been close to $10 billion. The news comes at a time when people are paying more attention to the Central Bank’s actions in the foreign exchange market. Stakeholders want to know that these actions are having the desired effect on the economy.
