Tag: foreign exchange reserves

The Bank of Ghana (BoG) has expressed renewed optimism about the future of the cedi, signalling that the local currency is well positioned to maintain its recent stability against the ...

The World Bank has issued a stark warning that even governments with strong economic fundamentals could face the risk of default if they lack sufficient liquidity to meet debt obligations, ...

As global markets grapple with renewed volatility in crude oil prices, the Bank of Ghana (BoG) has moved to reassure businesses, investors and households that the country is better positioned ...

Finance Minister, Dr. Cassiel Ato Forson has disclosed that the government is targeting the purchase of at least $20 billion worth of gold this year as part of a strategic ...

The Bank of Ghana has moved swiftly to reassure businesses, investors, and financial institutions that Ghana’s foreign exchange market remains stable despite renewed pressure on the cedi. In a strong ...

The Bank of Ghana has disclosed that losses incurred under its Domestic Gold Purchase Programme (DGPP) amounted to approximately GHS 5.66 billion as of December 2024, directly contradicting claims by ...

Ghana’s Finance Minister, Dr. Cassiel Ato Forson, has lauded the exceptional performance of the Ghanaian cedi, attributing its emergence as the world’s best-performing currency in 2025 to fiscal discipline and ...

Correspondingly, export earnings jumped from $2.19 billion in 2023 to $4.61 billion in 2024, and $2.72 billion in early 2025 alone surpassing all previous records.

The Governor of the Bank of Ghana, Dr. Ernest Addison, has acknowledged the complex nature of managing the depreciation of the Ghanaian cedi, attributing much of the current volatility to ...

Vice President and Flagbearer of the New Patriotic Party (NPP),  Dr. Mahamudu Bawumia, has highlighted that the current strength of the Ghanaian Cedi against the US Dollar represents an improvement ...