BOG TO AUCTION $1.8 BILLION COCOA LOAN TO HELP STABILIZE CEDI
The Bank of Ghana (BoG) will from this Wednesday, November 30 start selling part of the $1.8 billion dollar cocoa loan to commercial banks.
The Central Bank to this end has released regulations for interested banks and the calendar to guide the auction.
The Bank of Ghana in a notice said only those who are licensed, can participate in the auction, “participation in the auction is restricted only to Authorized foreign Exchange dealing banks”.
It adds that authorise banks shall submit their bids via a secured Bank of Ghana page on Reuters Terminal or through a designated email in approved format provided by the regulator.
- Category: News
- 30 Nov 2016
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- Last Updated: Wednesday, 30 November 2016 08:48
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