BoG’s foreign reserves increased by around $917 million, between January 1st and June of this year

Source: newsthemegh.com/Compiled By: Prince Henry Danquah, Bora Capital Advisors Ltd.

The Bank of Ghana (BoG) has accumulated some $917m in foreign reserves from the beginning of January to June this year.

The accumulated reserve is more than the expected $463m reserves to be accumulated by the Central Bank for this year under the Fund programme.

“I must at this point say that on a year-to-date basis (June 27), the Bank has accumulated US$917 million, ahead of the $463.8 million IMF programme targets,” quipped Governor of the Central Bank, Dr Ernest Addison speaking during a joint press briefing with the IMF and the Finance Ministry on Monday.