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

The Bank of Ghana has announced it will auction $120 million to Bulk Oil Distribution Companies (BDCs) in the second quarter of 2025—matching the amount auctioned in the first quarter.

Per its Forex Forward Auction Calendar, the Central Bank will sell $40 million each month, with two separate $20 million auctions in April, May, and June.

Scheduled auction dates include April 10 and 24, May 14 and 28, and June 12 and 26. Auctions will take place between 9:30 am and 10:30 am, with results announced at 3:00 pm.

This move is aimed at maintaining forex liquidity for oil importers to ensure steady fuel supply in the country.