Bank of Ghana to Inject $1 Billion into Forex Market in January 2026

The Bank of Ghana (BoG) is poised to inject up to $1 billion into the foreign exchange market in January 2026 as part of its Foreign Exchange Intermediation Programme. This strategic initiative aims to enhance liquidity and stabilize the cedi following its significant appreciation in late 2025. The BoG plans to continue selling foreign exchange to licensed commercial banks through regular auctions, which is expected to deepen the interbank FX market and manage volatility effectively. This move is part of the central bank's ongoing efforts to ensure a stable economic environment and support the national currency amid fluctuating market conditions.