The Bank of Ghana (BoG) has disbursed $20 million in foreign exchange to six Bulk Oil Distribution Companies (BDCs) to strengthen fuel supply and curb market volatility.
This support was issued during the central bank’s latest forex forward auction held on Wednesday, May 28, at a fixed rate of GHS10.33 per US dollar. Bids in the auction ranged between GHS9 and GHS10.
The initiative is part of a $120 million programme launched in April 2025 to stabilize forex availability in the downstream petroleum sector. Under this programme, BoG plans to release $20 million every two weeks throughout the second quarter to eligible BDCs to facilitate fuel imports.
According to BoG, this targeted intervention is designed to ease pressure on the interbank forex market, ensure a consistent supply of petroleum products, and shield domestic fuel prices from global disruptions.
The central bank reiterated its commitment to preserving price stability and supporting key economic sectors through timely and strategic liquidity support.
