The Bank of Ghana (BoG) has invested about $10 billion to the economy in an effort to stabilise the currency rate and bolster the country’s foreign reserves, since January 2025
Nii Sowah Ahorlu, Head of Financial Marketing at the BoG, and Dr. Johnson Pundit Asiama, Governor of the BoG, addressed the Public Accounts Committee (PAC) of Parliament in Accra on Monday. They clarified that the intervention mainly addressed payments to bondholders and Independent Power Producers (IPPs) as part of a larger plan to support the market.
“Relative to last year, we have had significant intermediation processes, and that is what we have observed in terms of the stability and appreciation we have incurred. In terms of our support for the market this year, overall it has been close to $10 billion,” stated Nii Ahorlu.
The cedi gained 13.9% against the dollar in October 2025 as a result of the BoG’s intervention. By September 2025, the central bank’s gold holdings had increased significantly to 37.06 tonnes.
In order to review the Auditor-General’s reports on the Public Accounts of Ghana’s ministries, departments, and other agencies for the year that concluded on December 31, 2024, the PAC will have a public hearing from Monday, January 12, to Tuesday, January 13.
Source: newsthemegh.com