Ghana’s reserves hit $13bn, cover six months of imports-President Mahama
Ghana’s gross international reserves have climbed to over $13 billion, providing enough cover for up to six months of imports, President John Dramani Mahama has announced, describing the development as a strong signal of external stability.
Speaking during a courtesy call by the CEOs Network Ghana, President Mahama said the improved reserve position reflects growing resilience in the face of global uncertainties.
“As we speak, Ghana currently has reserves that can cover up to six months of imports. This provides assurance of external stability, and while external shocks will always come, we remain focused on building resilience in order that we can withstand them,” he stated.
The President noted that the country’s foreign exchange position has strengthened significantly, rising from $8.9 billion to over $13 billion, even amid geopolitical tensions.
“Our foreign reserves position has moved from $8.9 billion to above $13 billion. And this is showing in the resilience of the economy, even in the face of what is happening in the Middle East,” he said.
He emphasized that government is implementing targeted interventions to consolidate the gains and protect the economy against both global and domestic shocks.
“In this regard, government is introducing targeted policies aimed at strengthening fiscal and external buffers to better withstand global and domestic economic shocks,” President Mahama explained.
He further stressed that the administration is prioritizing practical action over rhetoric, with a clear focus on driving sustainable growth and attracting investment.
“Government is not merely speaking about transformation; we are taking concrete steps with practical frameworks designed to provide clarity, attract investment and drive growth,” he added.
