By: Franklin ASARE-DONKOH
Management of Ghana’s central bank, the Bank of Ghana (BoG), has outlined some key measures it is taking to maintain the stability of the Ghana cedi and manage exchange rate pressures in 2026.
According to a statement issued by the BoG, it is taking a multi-pronged approach to manage exchange-rate pressures in 2026.
The first measure is Foreign exchange (FX) operations. With this approach, management is providing liquidity to the market through sustained FX intermediation.
The other area is the Vostro account guidelines. It said it “Streamlining cedi-related offshore transactions to improve FX inflows into the interbank market.”
The third, according to the BoG management, is market monitoring and supervision, which ensures compliance and the appropriate routing of remittances to support currency stability.
The fourth is Monetary Policy and liquidity management: It said it is maintaining a prudent stance to reinforce overall FX market stability.
“These measures, and the implementation of Ghana Accelerated National Reserve Accumulation Policy (GANRAP), which has been approved by Parliament, are expected to work together to smooth volatility, support investor confidence, and maintain orderly exchange rate conditions,” a portion of the statement read.
