REUTERS/Willy Kurniawan/File Photo Purchase Licensing RightsThe Bank of Ghana (BoG) is set to inject up to $1 billion into the foreign exchange market in August 2026 through its Forex Intermediation Programme, as the Ghana cedi faces renewed pressure from increased dollar demand. Information gathered by JOYBUSINESS indicates that the planned auctions will be conducted under the Bank of Ghana’s Foreign Exchange Operations Framework. Cedi faces renewed pressureThe latest move comes as the Ghana cedi experiences fresh depreciation pressures, with demand for foreign exchange currently exceeding supply in parts of the market. History of FX Intermediation ProgrammeThe Bank of Ghana began its revised FX Intermediation Programme in September 2025, with an initial $1.1 billion auction. In June 2026, the Bank of Ghana injected $2.01 billion into the foreign exchange market to meet demand and support the local currency.