Ghana’s IMF SDR Holdings Pegged at $1.45bn Amid Reserve Strengthening
Ghana’s allocation of Special Drawing Rights (SDRs) with the International Monetary Fund (IMF) increased to US$1.45 billion at end-December 2025, according to the Q4 2025 Quarterly Statistical Bulletin released by the Bank of Ghana.
The latest figure represents an increase from the US$1.38 billion recorded in January 2025, pointing to a modest strengthening in the country’s reserve position over the review period.
SDRs form part of the central bank’s gross international reserves, which stood at US$13.8 billion at the end of December 2025.
Special Drawing Rights are international reserve assets created by the IMF to supplement member countries’ official reserves. Although not a currency, SDRs provide a claim on freely usable currencies and can be exchanged to support liquidity needs.
Their role is particularly significant in periods of external shocks, where they serve as a buffer to support balance of payments stability and reinforce external sector resilience.
A breakdown of the reserve components shows that short-term foreign assets held by the central bank amounted to US$9.51 billion, while long-term foreign assets were valued at US$166 million.
At the same time, the Bank of Ghana’s foreign liabilities stood at US$4.75 billion.
The uptick in SDR holdings, alongside movements in other reserve components, highlights ongoing efforts by policymakers to strengthen Ghana’s external buffers amid continued macroeconomic adjustments.
