The Bank of Ghana (BoG) has confirmed the injection of $10 billion into the economy since 2025 to stabilise the exchange rate and bolster the nation’s foreign reserves.
The Central Bank disclosed that the financial intervention primarily involved payments to Independent Power Producers (IPPs) and bondholders as part of its broader strategy to support the market.
Speaking at a Public Accounts Committee sitting on Monday, January 12, Nii Sowah Ahorlu, Head of Financial Marketing at the BoG, and the Governor, Dr Johnson Asiama, provided insight into the impact of the intermediation process.
“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. In terms of our support for the market this year, overall it has been close to $10 billion,” he stated.
The BoG’s disclosure comes amid growing scrutiny of its interventions in the foreign exchange market, as stakeholders seek assurances that the measures are yielding the desired economic stability.
BoG records GH¢5.6bn loss in Domestic Gold Purchasing Programme in 2024
