Tag: foreign exchange reserves.
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Gold’s Worst Drop in Decade Exposes Ghana’s Economic Vulnerability
Gold prices suffered their steepest one-day collapse in more than twelve years on Tuesday, abruptly ending a record rally and sending shockwaves through commodity...
Bank of Ghana Pursues Expanded Reserves Backed by Gold Inflows
The Bank of Ghana is targeting substantial expansion of its foreign exchange reserves through aggressive gold accumulation and improved macroeconomic management, Governor Dr. Johnson...
Ghana Posts Record US$6.2B Trade Surplus on Gold Export Surge
Ghana achieved a trade surplus of $6.2 billion in the first eight months of 2025, driven by robust gold exports and stronger cocoa receipts,...
Bank of Ghana Sells US$1.4bn Forex Amid Cedi Rally
The Bank of Ghana (BoG) sold $1.4 billion in foreign exchange during Q1 2025, accelerating efforts to stabilize the currency, per the International Monetary...
Ghanaian Cedi Gains Strength Against Major Global Currencies
Ghana's currency has shown significant appreciation against major trading currencies, prompting cautious optimism among citizens and businesses.
As of late May, the cedi traded between...
