Workflow
加纳银行将向外汇市场注入 11.5 亿美元以稳定塞地
Shang Wu Bu Wang Zhan·2025-10-09 16:55

Core Viewpoint - The Bank of Ghana plans to initiate foreign exchange intermediary services based on its domestic gold purchase program starting in October 2025, aiming to sell up to $1.15 billion in gold through competitive auctions to licensed banks [1] Group 1: Foreign Exchange Market - The sales will occur in a spot format, with auctions held twice a week, ensuring fair and transparent access for all market participants without special conditions or allocations [1] - The initiative aims to deepen the interbank foreign exchange market and stabilize the cedi, with monthly auction volumes subject to adjustment based on market developments [1] - The overall goal is to enhance transparency and reduce volatility in the foreign exchange market [1] Group 2: Support for SMEs and Agriculture - The Bank of Ghana encourages commercial banks to increase support for small and medium-sized enterprises (SMEs) and agricultural businesses, which are crucial for economic growth [1] Group 3: Gold Purchase Program - The domestic gold purchase program is designed to utilize locally mined gold to build reserves, part of a broader strategy to reduce reliance on foreign currency and support long-term exchange rate stability [1]