Ghana’s international reserves have risen to $13.8 billion, according to President John Mahama, strengthening the country’s ability to withstand external shocks and supporting currency stability as government reforms take effect.
Delivering his State of the Nation Address on Friday, the President stated that the reserves now provide 5.7 months of import cover, up from $8.9 billion at the end of 2024, reflecting improved external resilience.
He attributed the progress to disciplined fiscal management, formalisation of gold exports and higher foreign exchange inflows from mining and remittances.
The establishment of the Ghana Gold Board, the president said has reduced smuggling and increased recorded exports in the artisanal and small-scale mining sector from 63.6 tonnes to 103 tonnes, channelling more foreign currency into the economy.
Mahama argued that currency stability helps curb imported inflation and improves planning conditions for businesses and households.
