EFTA Document EFTA01379405

22 December 2017 EM Currency Handbook 2018: Still Fuel in the Tank Regulatory framework and approach ▪ The Bank of Ghana (BOG) is responsible for both exchange rate and monetary policy (http://www.bog.gov.gh) ▪ The cedi is fully deliverable and convertible however liquidity for deliverable forwards is very tough and market is virtually nonexistent for offshores. GHS products DI spot Avg. ticket size: Bid/ask spread: Avg. daily volume: Trading hours: USD 0.5-1.5mn GI-IS 0.05 USD 2