Cedi Rally: BoG To Keep Buying Mining, Oil Fore, Swap Gold For Oil – Akufo-Addo

President Nana Addo Dankwa Akufo-Addo has stated that for his government to keep the strength of the appreciating cedi, the Bank of Ghana, in the weeks ahead, “will continue with the purchases of forex from the mining and oil sectors to enhance liquidity supply to the market; continue with the single, unified forex forward auction and some modest targeted bilateral support to critical imports; and the implementation of the gold-for-oil swap transaction, which will significantly remove forex pressures on the cedi”.

 
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