BOG AUCTIONS $1.8 BN COCOA SYNDICATED LOAN FROM TODAY
The Bank of Ghana(BoG) will today auction the first of three dollar auctions for this year to commercial banks in the country as part of moves to stabilize the cedi.
The 1.8 billion dollar proceeds which are from the cocoa syndicated loan, will be embarked on this morning with a volume target of 20 million dollars.
In the three auctions, the central bank is expecting to give out 60 million dollars.
Meanwhile according to rules guiding the auction, only authorized Foreign Exchange Dealing Banks will be allowed to partake.
- 30 Nov 2016
- Hits: 78
- Last Updated: Wednesday, 30 November 2016 09:24
- Published Date