Six Bulk Oil Distribution Companies receive $20m from the Bank of Ghana
Six Bulk Oil Distribution Companies (BDCs) have received a total of $20 million from the Bank of Ghana (BoG) in its latest round of foreign exchange forward auction, held on Wednesday, May 28, 2025.
The funds were allocated at a locked exchange rate of GH¢10.33 to the US dollar with bids submitted in the range of GH¢9 to GH¢10.
This auction forms part of the BoG’s ongoing efforts to bolster forex liquidity for the downstream petroleum sector, particularly in the face of continued volatility in global energy markets.
By directly allocating foreign exchange to BDCs, the BoG seeks to reduce pressure on the interbank FX market, ensure consistent fuel supply and cushion domestic fuel prices against external economic shocks.
The disbursement marks the latest installment under a $120 million second-quarter programme, launched in April 2025, which provides $20 million every two weeks to eligible BDCs to facilitate fuel imports.
According to the central bank, the initiative underscores its commitment to price stability and targeted liquidity support for key sectors of the economy.
SP/MA
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