Ghana’s foreign reserves have grown from 4.7 months to six months of import cover – President John Mahama

Compiled By: Prince Henry Danquah, Bora Capital Advisors Ltd.

President John Mahama has revealed that Ghana’s international reserves have now increased to six months of import cover from the 4.7 months quoted by the Bank of Ghana in April this year.

“This is one of the highest that the country has recorded in the last 15 years,” he announced during an interaction with members of the Council of State at the Jubilee House.

“We are also looking forward to Ghana’s International Reserves reaching 10 months of import cover,” he added.

President Mahama was optimistic that this would go a long way to help build the needed balance to aid in the cedi’s stability.

Source: newsthemegh.com