Accra: Dr. Johnson Pandit Asiama, Governor of the Bank of Ghana (BoG), has allayed fears of businesses and investors of a shortage of Dollars for their daily transactions following recent concerns.

According to Ghana News Agency, the Central Bank has observed some reduction in remittances since April 2025. Governor Asiama noted that in instances where investigations were conducted, it was found that there was no appropriate documentation by some importers. Speaking at the 125th Monetary Policy Committee (MPC) press briefing in Accra, he emphasized that there is no expected shortage of Dollars at the bank. Investigations revealed that delays were often due to importers lacking necessary documentation.

The Governor highlighted that certain inflows, especially remittances, have decreased since April. The Central Bank is thoroughly investigating these reductions and is enhancing monitoring mechanisms to bolster foreign exchange inflows. On July 29, the BoG released a notice to banks, Payment and Remittance Service Providers (PRSPs), and Money Transfer Operators (MTOs) to ensure foreign exchange is properly integrated into the Ghanaian financial system.

The Bank is collecting data from all players in the remittance space to increase inflows, assuring that any local pressure will be contained. Additionally, Dr. Asiama announced stricter oversight of banks' nostro accounts to prevent unauthorized capital flight and ensure foreign exchange earnings remain within Ghana's domestic financial system.

The Governor clarified that banks finance trade through their nostro accounts rather than requiring physical Dollar deposits from importers. This system facilitates trade payments without the need for physical currency exchange. Enhanced monitoring measures are expected to stabilize the Cedi, which has appreciated significantly against major currencies, including a 40.7 per cent appreciation against the Dollar.