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BoG Exchange Rate Is A Total Scam – NPP Man



A well-known and recognized member of the governing New Patriotic Party Abubakari Ayuba has angrily described the Bank of Ghana exchange rate as a total scam.

Mr. Ayuba shared his sad experience after paying Ghc12.3 for a dollar on Tuesday, January 3, 2023.

Meanwhile, the Bank of Ghana exchange rate says, buying a dollar is Ghc 8.5717 and selling stands for Ghc 8.5803.
Apart from Mr. Ayuba, most Ghanaians are crying out loud that despite the Bank of Ghana exchange rate, prices of goods are still skyrocketing in the various markets.

Below is Mr. Ayuba’s post on Meta:

This exchange rate is meaningless and a total scam unless the appropriate bodies is able to let it manifest in Reality.

All transactions I’ve done both local and international in Dollars since this dollar drama have consistently been +3 or more of the Bank of Ghana Rate.

Today I’m paying 12.3 for a dollar at the bank. So, where from this Rate?


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