To help with fuel imports, the Bank of Ghana has started supplying $60 million in foreign currency to Bulk Oil Distribution Companies.

Through a forex forward auction, the sale of the dollars took place at a price between GH9.84.

Through their various banks, 28 BDCs registered for the BoG's 30-day tenor FX auction with bids ranging from GH9.70 to GH9.95.

The forward auction, according to the Bank of Ghana, is intended to lessen rumors that dollars won't be available for use in the economy.

Additionally, this will guarantee some price stability for imported fuel at the pump.

On Tuesday, September 13, 2022, the currency auction took place.

As of September 16, 2022, some oil marketing corporations will start lowering fuel prices at the pumps.