Ghana’s international reserves hit $12 billion

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The Governor of the Bank of Ghana, Dr Johnson Pandit Asiama, has disclosed that the country’s gross international reserves have reached $12 billion, providing a strong buffer against external shocks and helping to restore investor confidence in the economy.

Speaking at the official launch of the 60th anniversary of the Cedi in Accra on Tuesday, October 28, Dr Asiama noted that the improved reserves position reflects prudent monetary management, favourable trade inflows, and ongoing fiscal consolidation efforts.

"Our gross international reserves are currently $12 billion," he said.

He explained that the current reserve level is offering “a robust cushioning against external volatilities,” safeguarding the cedi and supporting stability in the foreign exchange market.

He reiterated the Bank’s resolve to pursue sound monetary policies aimed at preserving the gains achieved so far, while continuing to promote a resilient and inclusive financial sector that supports sustainable economic growth.

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