Cedi@60: Ghana’s Foreign Reserves Hit $12bn Providing 6.5 Months of Import Cover – BoG Governor Discloses
Ghana’s gross international reserves have increased to $12 billion, up from $10.7 billion in August 2025, providing the country with 6.5 months of import cover, Governor of the Bank of Ghana (BoG), Dr. Johnson Asiama, has disclosed.
Speaking at the launch of the Cedi@60 celebration on Tuesday, October 28, 2025, Dr. Asiama attributed the buildup in reserves to disciplined fiscal management, effective monetary policy implementation, and renewed investor confidence in the Ghanaian economy.
“Our gross international reserves are currently around $12 billion, which is providing a robust cushion against external volatility and restoring our investor confidence,” he stated.
According to the Governor, the strong reserve position complements other positive macroeconomic developments, including a decline in headline inflation and continued stability of the local currency.
He credited the improvement to what he described as “coordinated, difficult but necessary policy actions” by government and the Central Bank, noting that Ghana has “turned a decisive corner” in its post-crisis recovery journey.
As part of the Cedi@60 celebrations, the BoG will roll out a year-long programme of educational and cultural activities aimed at rekindling public trust in the Cedi and enhancing monetary literacy.
The activities will include currency exhibitions, public lectures, school and community engagements, diaspora outreach, and legacy publications documenting Ghana’s currency evolution from the Ghanaian Pound to the modern Cedi.
“These activities are designed for all age groups—from schoolchildren learning to count with pesewa coins, to fintech entrepreneurs coding the next generation of e-wallets,” the Governor said, urging every Ghanaian to take part.
