Ghana Curbs Offshore Investments To Protect Cedi, Boost Stability
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The directive, issued via circular late Friday, takes immediate effect for all local fund managers. Ghana, a leading gold and cocoa producer, continues its recovery from the worst economic crisis in decades.
Foreign securities investments must now adhere to strict oversight, limited to jurisdictions sharing information with Ghana’s SEC. This curbs capital outflows that previously pressured the cedi.
Funds once permitted 100% offshore allocation face the sharpest restrictions under the new 70% ceiling. The policy aligns with broader reforms to anchor currency stability.
As Accra targets sustained post-crisis resilience, the measures signal tighter financial controls. IMF program conclusion in August marks a key recovery milestone.
