Tag: forex reserves
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Ghana Charts Path to Transform Forex Gains into Economic Growth
Bank of Ghana Governor Dr. Johnson P. Asiama outlined a roadmap to convert recent foreign exchange gains into broad-based economic transformation during his July...
Ghana’s Cedi Rebounds 42% in 2025 as Reserves Hit US$11.1bn
The Ghanaian cedi has appreciated 42% against major currencies year-to-date through June 2025, effectively reversing nearly all losses sustained during the 2022-2023 economic crisis,...
Ghana’s Contractor Debt Payments Risk Cedi Stability
Ghana will begin settling billions in cedi-denominated arrears owed to road contractors by end-July, President John Mahama confirmed to the Council of State on...
IMF Review Approval Could Bolster Ghana’s Forex Reserves, Cedi Stability
Ghana’s fourth review under its $3 billion IMF Extended Credit Facility program is under consideration today by the Fund’s Executive Board in Washington, D.C....
Bank of Ghana Urges Businesses to Use Cedi for Economic Stability
The Bank of Ghana (BoG) has called on businesses to prioritize the cedi in all local transactions to stabilize the currency and reduce reliance...
