Bank of Ghana eases foreign exchange restrictions

Ghana's central bank will relax foreign exchange curbs it had imposed in February to try to halt a slide in the cedi, saying on Friday it will allow limited foreign currency transactions for domestic services. Benjamin Amoah, head of financial stability, said the bank would also ask the government to direct mining and oil firms to operate retention accounts in Ghana to boost foreign exchange inflows. Central bank Governor Henry Kofi Wampah had flagged plans to ease FX restrictions to Reuters in a telephone interview on Thursday.