Documents sighted by JOYBUSINESS showed that the swift advice came in tranches to hit the government’s account with the Central Bank.
The said transfer came in yesterday (25th August 2022) afternoon.
Government is primarily looking forward to using this money to finance some infrastructure projects.
However, the Bank of Ghana will take the dollars and give the cedi equivalent to the government.
This will go a long to boost the Central Bank’s reserves, a move that could help slow down the rate of depreciation of the cedi against the dollar.