Ghana’s external reserves have recorded a significant improvement, with gross international reserves rising to US$11.41 billion, the Bank of Ghana has disclosed.
Governor of the Central Bank, Dr. Johnson Asiama, announced the latest figures at the opening session of the Monetary Policy Committee (MPC) meeting, describing the development as a strong indicator of improving economic stability.
According to him, the current reserve level provides about 4.8 months of import cover, placing the country in a more secure position to withstand external shocks.
“Our gross reserves have now exceeded US$11 billion, giving us about 4.8 months of import cover,” Dr. Asiama said. “We are confident that by the end of the year, we will reach the five-month mark.”
He explained that the steady build-up in reserves reflects deliberate policy measures aimed at stabilising the cedi and improving Ghana’s balance of payments.
“These gains are not accidental,” he emphasised. “They are the result of sustained efforts to stabilise the currency, manage liquidity, and enhance our external sector performance.”
Dr. Asiama noted that the MPC will continue to closely monitor economic developments to safeguard the progress made so far.
“We remain committed to protecting macroeconomic stability and providing policy direction that supports growth while preserving the resilience we are building,” he added.
The ongoing MPC meeting is expected to review recent economic trends and announce key policy decisions in the coming days.
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