- Bank of Ghana accumulates US$917 million in foreign exchange reserves
- Reserves now cover 3.3 months of imports, up from 2.7 months in December 2023
Accra, Ghana – The Bank of Ghana has announced it has accumulated US$917 million in foreign exchange reserves as of June 27, 2024, far exceeding the International Monetary Fund (IMF) programme half-year target of US$463.8 million. This brings the current level of gross international reserves (GIR) to US$6.6 billion, improving the import cover to 3.3 months from 2.7 months in December 2023.
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