Bank of Ghana hails tech upgrade in forex market

Ernest Addison
Ernest Addison
Photo: Steven Adusei

The Bank of Ghana (BoG) and Refinitiv are rolling out a new matching system that the central bank says will deepen the local foreign exchange market and reduce fragmentation.

Refinitiv’s Spot Matching platform went live on February 21. It allows for transparent price discovery and trading, encouraging a move away from the over-the-counter FX trading that previously predominated.

Bank of Ghana governor, Ernest Addison, said markets that relied on OTC trading tended to be “highly fragmented” and

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: