The Bank of Ghana (BoG) will commence foreign exchange (FX) intermediation under the Domestic Gold Purchase Programme, with plans to sell up to $1.15 billion for the month. These sales will be conducted on a spot basis through twice-weekly, price-competitive auctions open to all licensed banks.
Dr Johnson Pandit Asiama, the Governor, made this known during post-Monetary Policy Committee engagement with heads of banks.
He disclosed that there will be no conditions or earmarking for allocations so as to ensure a level playing field and transparent access to the market.
“The Capital Adequacy Ratio has risen to 17.7 percent, while Non Performing Loans have improved to 20.8 percent, though still elevated and requiring sustained vigilance.”
To strengthen prudential oversight and risk management to sustain strong performance, he said, the BoG had introduced a number of new directives. These include the Bancassurance Directive, the Large Exposures Directive, and the Guidelines on Credit Concentration Risk Management.
The Bank has also extended the transition period for the outsourcing Directive to the end of December 2025, following consultations with the Ghana Association of Bank.
“I want to emphasise that this will be the final extension, and banks must ensure full compliance thereafter,” he added.