We haven’t handed over our forex role to Goldbod – BoG Governor Asiama
Bank of Ghana (BoG) Governor, Dr Johnson Asiama, has dismissed suggestions that the central bank has handed over its foreign exchange market responsibilities to Goldbod, saying it remains ready to intervene when necessary to maintain stability. He said the Bank’s focus on building reserves, with Goldbod supporting foreign exchange intermediation and market supply, did not […]
Bank of Ghana Governor Dr Johnson Asiama has clarified that the central bank has not transferred its foreign exchange market responsibilities to Goldbod, despite market concerns. In an interview at a meeting with institutional investors, brokers, and fund managers in Bangkok, Dr Asiama emphasized that the Bank's focus remains on building reserves, while Goldbod supports foreign exchange intermediation and market supply.
He reassured that the central bank would intervene in the forex market as needed to maintain stability, particularly if volatility threatened orderly trading conditions.
Brief written by urgent.news from MyJoyOnline Ghana's own syndicated text. Machine-written — may contain errors; check the original before relying on it.
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