BoG’s FX directive defies IMF and World Bank advice
[AdomOnline - Ghana] - 22/08/2025
On August 20, 2025, the Bank of Ghana (BoG) issued a new foreign exchange directive: banks may not give corporates cash withdrawals in foreign currency unless those firms had already lodged equivalent FX deposits. On paper, this looks like discipline. In practice, it is economic self-sabotage. (…)
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