{"id":94644,"date":"2025-09-18T06:09:00","date_gmt":"2025-09-18T06:09:00","guid":{"rendered":"https:\/\/sotnews.agency\/?p=94644"},"modified":"2025-09-18T06:09:00","modified_gmt":"2025-09-18T06:09:00","slug":"we-have-met-all-dollar-requests-from-commercial-banks-bog-governor","status":"publish","type":"post","link":"https:\/\/sotnews.agency\/?p=94644","title":{"rendered":"We have met all dollar requests from Commercial Banks \u2013 BoG Governor"},"content":{"rendered":"
\n
\n \t<\/i> Read Time:<\/span>2 Minute, 15 Second <\/div>\n\n <\/div>
\n

The Bank of Ghana (BoG) has revealed that it has in recent times, met all dollar requests and import demands from commercial banks.<\/p>\n

Governor of the Bank of Ghana, Dr Johnson Asiama, rejected reports suggesting that banks were still facing dollar liquidity challenges, making it difficult to meet the demands of businesses and clients.<\/p>\n

He explained at the Monetary Policy Committee (MPC) press conference that the claims did not reflect the situation on the ground.<\/p>\n

\u201cOver the past weeks, there was no single demand that we have not met,\u201d he stressed. \u201cI will be really surprised if businesses are still having problems getting dollars from the commercial banks.\u201d<\/p>\n

Dr Asiama suggested that if there were any difficulties, they were likely due to documentation issues rather than dollar shortages or forex supply concerns.<\/p>\n

Market Response to BoG Measures<\/strong><\/h3>\n

Responding to further questions at the MPC press briefing, Dr Asiama noted that the market situation had improved significantly over the past seven years and even within the last year.<\/p>\n

\u201cOur reserve position is strong, despite recent pressures, and that should give the market some assurance,\u201d he said.<\/p>\n

The Bank of Ghana\u2019s September Economic and Financial Data showed Ghana\u2019s trade surplus increased to $6.2 billion in the first eight months of the year. <\/p>\n

The country\u2019s international reserves stood at $10.7 billion in August, covering about 4\u00bd months of imports.<\/p>\n

On the cedi, the Governor noted that the local currency remained among the strongest globally year-to-date, appreciating by about 21% as of September 12, 2025.<\/p>\n

\u201cWe have enough reserves to meet all import demand from now to the end of the year,\u201d he assured. \u201cTherefore, I find it interesting what all the anxiety may be about when it comes to the Ghana cedi.\u201d<\/p>\n

Policy Rate Cut and Cedi Outlook<\/strong><\/h3>\n

The Bank of Ghana recently cut its key lending rate to commercial banks by 350 basis points to 21.5 per cent. <\/p>\n

Some market analysts have expressed concern that the move could worsen pressure on the cedi, especially with the possibility of utility tariff hikes.<\/p>\n

But Dr Asiama dismissed such fears, explaining that anticipated cocoa inflows, donor support, gains from the recent forex crackdown, and rising gold prices all point to a favourable outlook for the cedi.<\/p>\n

He also revealed that regulatory measures had led to a significant rise in remittances, prompting a review of the Bank\u2019s year-end targets, which remain on track.<\/p>\n

On inflation, Dr Asiama maintained that there was no plan to revise the end-of-year target of 12 per cent, despite improvements in the economy.<\/p>\n

He further disclosed progress in the Bank\u2019s gold hedging program, alongside other measures aimed at safeguarding reserves.<\/p>\n<\/div>\n

\n
\n \n
\n \n \"Happy\"\n <\/a>\n
\n Happy <\/div>\n
\n 0<\/span>\n \n 0<\/span> %<\/span>\n <\/div>\n <\/div>\n\n
\n \n \"Sad\"\n <\/a>\n
\n Sad <\/div>\n
\n 0<\/span>\n 0<\/span> %<\/span>\n <\/div>\n <\/div>\n\n
\n \n \"Excited\"\n <\/a>\n
\n Excited <\/div>\n
\n 0<\/span>\n 0<\/span> %<\/span>\n <\/div>\n <\/div>\n\n
\n \n \"Sleepy\"\n <\/a>\n
\n Sleepy <\/div>\n
\n 0<\/span>\n \n 0<\/span> %<\/span>\n <\/div>\n <\/div>\n\n
\n \n \"Angry\"\n <\/a>\n
Angry<\/div>\n
\n 0<\/span>\n 0<\/span> %<\/span>\n \n <\/div>\n <\/div>\n\n
\n \n \"Surprise\"\n <\/a>\n
Surprise<\/div>\n
\n 0<\/span>\n 0<\/span> %<\/span>\n <\/div>\n <\/div>\n\n <\/div>\n <\/div>\n\n ","protected":false},"excerpt":{"rendered":"
\"WeThe Bank of Ghana (BoG) has revealed that it has in recent times, met all dollar requests and import demands from commercial banks.<\/div>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":{"facebook_2277560469115098_106292521332774":"","twitter_aToxNzczMzI3Njk4OTg4ODUxMjAxOw==_1773327698988851200":""},"rop_publish_now_history":[],"rop_publish_now_status":"pending","_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[7684,1904,1978,1900,1883,10,9],"tags":[],"class_list":["post-94644","post","type-post","status-publish","format-standard","hentry","category-bank-of-ghana-governor","category-banking-and-finance","category-hp-business-1","category-hp-news-2","category-national","category-politics","category-popular"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/sotnews.agency\/index.php?rest_route=\/wp\/v2\/posts\/94644","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/sotnews.agency\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/sotnews.agency\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/sotnews.agency\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/sotnews.agency\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=94644"}],"version-history":[{"count":0,"href":"https:\/\/sotnews.agency\/index.php?rest_route=\/wp\/v2\/posts\/94644\/revisions"}],"wp:attachment":[{"href":"https:\/\/sotnews.agency\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=94644"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/sotnews.agency\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=94644"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/sotnews.agency\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=94644"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}