Explainer: Why BoG is preventing large companies from withdrawing dollars they never deposited
[Joy Online - Ghana] - 22/08/2025
On August 20, 2025, the Bank of Ghana (BoG) issued a directive to banks aimed at protecting the cedi’s stability against major foreign currencies. The instruction is straightforward: large companies can no longer withdraw foreign currency they have not actually deposited with a bank. Previously, (…)
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