Governor of the Bank of Ghana, Dr. Johnson Asiama, has announced that Ghana’s gross international reserves have surged to approximately $12 billion, underscoring the country’s improved economic stability and resilience under the leadership of President John Dramani Mahama.
Speaking at the launch of the Cedi@60 celebrations in Accra on Tuesaday, October 28, Dr. Asiama said the significant buildup in reserves reflects disciplined fiscal management, effective monetary policy, and renewed investor confidence in the economy.
“Our gross international reserves are currently around $12 billion, which is providing a robust cushion against external volatility and restoring our investor confidence,” he revealed.
The Governor explained that the rise in reserves complements other positive economic indicators, including a drop in headline inflation and a stronger local currency.
Dr. Asiama credited these gains to “coordinated, difficult but necessary policy actions” by the government, adding that Ghana has “turned a decisive corner” in its economic recovery journey.
The Cedi@60 celebration, themed “60 Years of the Cedi: A Symbol of Sovereignty, Stability, and Economic Resilience,” brought together government officials, economists, and private sector leaders to reflect on the evolution of Ghana’s national currency and its role in shaping the country’s economic identity.
As part of the year-long activities, the Bank of Ghana will embark on a nationwide “Cedi Van” roadshow, financial literacy campaigns, and a Currency Conference to explore strategies for sustaining macroeconomic gains.
Source: Starrfm.com.gh
