The Bank of Ghana (BOG) has announced guidelines to govern the conduct of foreign exchange (FX) forward auctions on the interbank foreign exchange market for Bulk Oil Distributors (BDC) licensed by the National Petroleum Authority (NPA).
This bespoke multiple price forward FX auctions is intended to minimise the uncertainty of the future availabiity of FX and aid price discovery especially for the general pricing window within the downstream sector.
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