BoG moves to block remittance leakages to stabilise cedi

BoG moves to block remittance leakages to stabilise cedi

[AdomOnline - Ghana] - 5/06/2025
As part of measures to stabilise the cedi, the Bank of Ghana (BoG) has initiated plans to tighten controls and block all leakages in remittance inflows. The central bank believes this move will help curb the hoarding of foreign currencies, particularly the dollar, and discourage speculative (…)
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