- Ghana targets 15 months import cover reserves by 2028
- Central bank warns of liquidity and policy challenges
ACCRA, GHANA — Ghana’s central bank is weighing the liquidity impact of a gold-backed reserve strategy aimed at sharply boosting external buffers, Governor Johnson Pandit Asiama said.
The Bank of Ghana (BoG) is assessing the monetary policy implications of the Ghana Accelerated National Reserve Accumulation Program (GANRAP), an ambitious government plan to raise reserves to 15 months of import cover by 2028 from about 5.7 months currently.
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