13 h. ago Use data from BoG to make cedi projections, not predictions from ‘Zamerama’ – Governor Asiama

The Governor of the Bank of Ghana (BoG), Dr Johnson Asiama, has appealed to the public to disregard projections and speculations bandied about by some black market forex traders, popularly called Zamerama. He warned that such speculative activities do not support the data published by the Bank of Ghana after its periodic Monetary Policy Committee […]

Politics

13 h. ago Use data from BoG to make cedi projections, not predictions from ‘Zabarma’ – Governor Asiama

The Governor of the Bank of Ghana (BoG), Dr Johnson Asiama, has appealed to the public to disregard projections and speculations bandied about by some black market forex traders, popularly called Zamerama. He warned that such speculative activities do not support the data published by the Bank of Ghana after its periodic Monetary Policy Committee meetings.

Politics

13 h. ago APL claims vindication following IMF’s revelation of BoG’s $1.4bn forex support

Governance think tank, the Africa Policy Lens, says it has been vindicated by a recent revelation by the International Monetary Fund (IMF) that the Bank of Ghana pumped in dollars to support the recent stability of the Cedi. The IMF, in its latest review of Ghana's programme, revealed that the Bank of Ghana released $1.4bn forex support to sustain the Cedi against the US dollar.

Politics

14 h. ago Forex market intervention for 2025 Q1 has not depleted our reserves – BoG

The Bank of Ghana (BoG) has maintained that its foreign exchange (forex) market intervention for the first quarter of 2025 has not depleted its reserves. The BoG, according to what JOYBUSINESS has picked up added US$1.6 billion to its reserves for the first six months of the year, surpassing the International Monetary Fund’s (IMF) reserve […]

Politics

39 h. ago Bank of Ghana intervened with $1.4bn in the forex market in 2025 first quarter

The Bank of Ghana sold $1.4 billion in foreign exchange during the first quarter of 2025, according to the latest International Monetary Fund (IMF) review of Ghana’s programme. “The Bank of Ghana’s footprint in the FX market continued to increase. Large-scale FX intervention continued in 2025, reaching $1.4 billion in the first quarter,” the Fund noted. […]

Economics

6 d. ago Prof Bokpin backs the IMF call to BoG to reduce their FX interventions

Professor of Finance and Economics at the University of Ghana has backed the International Monetary Fund’s (IMF) recommendation for the Bank of Ghana to scale down its foreign exchange market interventions, warning that continued control by the central bank is distorting price signals and fuelling black market activity.

Politics

6 d. ago IMF’s caution against artificial stability of Cedi vindicates our red flag – IERPP

The Institute of Economic and Research Policy Promotion (IERPP), says it has been vindicated by the IMF's expression of concern and caution to the government over its control of the stability of the Cedi. The Executive Board of the IMF, in its fourth review under the Extended Credit Facility Arrangement with Ghana, expressed concern about how the government has been pumping in forex to support the Cedi against major currencies, instead of allowing market factors to determine the stability of the local currency.

Politics

7 d. ago Reduce interventions in the forex market – IMF to Bank of Ghana

The IMF Executive Board on July 7, 2025, concluded its fourth review of Ghana’s ongoing 18th  IMF programme, which began in May 2023. Completion of the review unlocks a new disbursement of $367 million, bringing the total support under the programme to $2.3 billion. This is a positive development for the Ghanaian cedi. The injection […]

Politics

3 w. ago Striking gold or sinking fast? A deep dive into Ghana’s Gold Coin and cedi strength

Overview Ghana has faced various economic challenges over the years. These challenges have led the country to seek external assistance, including financial support from international organizations such as the World Bank and the International Monetary Fund (IMF). These challenges led to the introduction of the DDEP, which subsequently led to the depreciation of the cedi […]

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