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    Botswana’s women boxing on the rise 

    Boxers Finally Receive their Prize Money from 2022 African Championships

    Darts Expects Only P50K from BNSC for 2023/24

    Darts Expects Only P50K from BNSC for 2023/24

    Botswana athletes to train in USA

    Botswana athletes to train in USA

    Debswana’s BAA Sponsorship Plays Critical Role in Developing BW Athletics – Theetso

    Debswana’s BAA Sponsorship Plays Critical Role in Developing BW Athletics – Theetso

    Boxers yet to Receive Prizes from 2022 African Boxing Championships 

    Boxers yet to Receive Prizes from 2022 African Boxing Championships 

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    April will see 2nd Instalment of Summer Kids Marathon

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      Botswana’s women boxing on the rise 

      Boxers Finally Receive their Prize Money from 2022 African Championships

      Darts Expects Only P50K from BNSC for 2023/24

      Darts Expects Only P50K from BNSC for 2023/24

      Botswana athletes to train in USA

      Botswana athletes to train in USA

      Debswana’s BAA Sponsorship Plays Critical Role in Developing BW Athletics – Theetso

      Debswana’s BAA Sponsorship Plays Critical Role in Developing BW Athletics – Theetso

      Boxers yet to Receive Prizes from 2022 African Boxing Championships 

      Boxers yet to Receive Prizes from 2022 African Boxing Championships 

      April will see 2nd Instalment of Summer Kids Marathon

      April will see 2nd Instalment of Summer Kids Marathon

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      Bank of Ghana to purchase US$500m of foreign exchange amidst shortage of dollars

      mm by RMB Africa Research
      August 26, 2022
      in News
      Reading Time: 1 min read
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      Bank of Ghana to purchase US$500m of foreign exchange amidst shortage of dollars

      Ghana seeks to boost declining reserves — Gross foreign currency reserves. Source: ETM Analytics, Bloomberg

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      The Bank of Ghana (BoG) is reportedly set to purchase as much as US$500m of foreign exchange directly from international mining and oil companies by the end of the year as authorities seek to shore up its reserves.

      According to sources close to the matter, the BoG raised more than US$20m within a week of announcing on 17 August. Furthermore, it will “work collaboratively” with the natural-resource exporters to boost its foreign-currency holdings. While the BoG’s plan is not yet clear, central banks that buy foreign currency from exporters usually sterilize those flows by selling local currency bonds in the market.

      Ghana is facing a shortage of dollars after it lost access to international markets, and the BoG has been looking for ways to boost its foreign-exchange holdings, which have fallen by more than 20 percent since the start of the year to US$7.7bn in June, and to support a weakening cedi.

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