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Ghana tightens forex rules on oil and mining firms to protect cedi

Oil production site. Photo by Zukiman Mohamad @ Pexels
Oil production site. Photo by Zukiman Mohamad @ Pexels
  • Bank of Ghana bans cash dollar payouts to bulk oil distributors and mining companies
  • Move comes despite cedi ranking among Africa’s best-performing currencies in 2025

 

ACCRA, GHANA – Ghana’s central bank has tightened rules on foreign currency payments to large corporates in an effort to protect the cedi, even as the currency posts gains on the continent this year.

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