Ghana’s external reserves have strengthened significantly, with the Bank of Ghana reporting an increase to approximately $14.5 billion, providing around 5.8 months of import cover.Ghanaian news subscription
This represents an improvement from just over $13 billion recorded at the previous Monetary Policy Committee (MPC) meeting in January 2026, signaling stronger external buffers for the economy.
Governor Dr. Johnson Pandit Asiama, speaking at the opening of the 129th MPC meeting on Monday, 16th March, noted that the latest data reflects a broader improvement in macroeconomic conditions, with the economy performing better than earlier anticipated.
He highlighted that headline inflation declined to 3.3 percent in February, marking the 14th consecutive monthly drop and falling below the central bank’s medium-term target band.
Fiscal performance also improved, with a primary surplus of 2.6 percent of GDP recorded at the end of 2025, while the real sector gained momentum, supported by rising business and consumer confidence and a gradual recovery in credit.
