Ghana’s external buffers have received a significant boost, with gross international reserves rising to over US$11.41 billion, the Bank of Ghana has announced.
The Governor of the Central Bank, Dr. Johnson Asiama, revealed the latest figures at the opening of the Monetary Policy Committee (MPC) meeting, describing the development as a strong sign of improving economic stability.
According to him, the current reserve level is equivalent to 4.8 months of import cover, a performance he says positions the country more securely against external shocks.
“Our gross reserves have now exceeded US$11 billion, giving us about 4.8 months of import cover,” Dr. Asiama stated. “We are confident that by the end of the year, we will reach the five-month mark.”
The Governor noted that the build-up in reserves reflects deliberate policy actions aimed at strengthening the cedi and improving Ghana’s balance of payments position.
“These gains are not accidental,” he stressed. “They are the result of sustained efforts to stabilise the currency, manage liquidity, and improve our external sector performance.”
Dr. Asiama added that the MPC will continue to monitor economic indicators closely to ensure the momentum is maintained.
“We remain committed to safeguarding macroeconomic stability and providing guidance that supports growth while protecting the resilience we are building,” he said.
The ongoing MPC meeting is expected to assess recent economic trends and announce key policy decisions in the coming days.