BoG to auction $120m to BDCs in quarter 2, 2025

The Bank of Ghana will auction $120 million to Bulk Oil Distribution Companies (BDCs) in the second quarter of 2025.

This amount is the same as in the first quarter of 2025.

According to its Forex Forward Auction Calendar, $40 million will be sold each month in Q2 2025.

In April 2025, the Central Bank will auction $20 million to BDCs.

May 2025 will have two auctions on May 14 and May 28, each for $20 million.

In June, there will be two more auctions on June 12 and June 26, also for $20 million each.

The Central Bank stated that auctions will occur between 9:30 am and 10:30 am on auction days.

The announcement for each auction will be made at 3:00 pm.

The BDCs Forex Forward Auction follows guidelines available on the Bank of Ghana website.

This sale aims to provide oil importers with enough foreign exchange liquidity for purchasing finished oil products.