Ghana recorded less than 1.5 months of import cover in 2023 – World Bank
The country and five other countries including Burkina Faso recorded very low secondary reserves.
Source: myjoyonline.com
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Ghana's gross reserves increased by 9.9% in first two-months of 2024 to $4.06bn
In December 2023, the Gross International Reserves stood at $3.66 billion, about 1.7% of import cover. It inched up to $4.17 billion in January 2024, but declined slightly to $4.02 billion in February 2024.
Source: myjoyonline.com
Ghana's gross reserves close 2023 higher at $3.66bn; Trade surplus dips
According to the Bank of Ghana’s January 2024 Summary of Economic and Financial Data, the country’s reserves have been growing consistently albeit slightly since August 2023.
Source: myjoyonline.com
Ghana's gross reserves improve slightly to 1.1 month of import cover; Trade surplus increases to $2.058bn
According to the Bank of Ghana’s September 2023 Summary of Economic and Financial Data, the reserves grew from $1.406 billion (0.7 months of import cover) in April 2023 to $2.162 billion (1.0 month of import cover) in May 2023 and $2.235 billion in June 2023 (1.0 month of import cover) respectively.
Source: myjoyonline.com
IMF revises Ghana's international reserves for 2023 to 1.4 months of import cover
The Fund also revised the country’s net reserves for 2022 to 1.2 months of import cover, from the earlier 0.6 months.
Source: myjoyonline.com