BoG reserve assets jump by $709m in April, boosting cedi stability

The saw a significant improvement, rising from to , largely due to the central bank’s .
This, along with other contributing factors, has played a major role in the against the US dollar, according to the Bank’s .
The report also revealed that the amounted to , placing Ghana in a with the rest of the world.
As a result, there was a in the financial account totalling in the , a sharp increase from the .
In terms of other investment, the report indicated a figure of , driven largely by increased .
At the end of , Ghana’s stood at , equivalent to . This compares favourably with the , which covered .
Despite the resumption of following Ghana’s external debt restructuring, the Bank of Ghana maintains a positive outlook for the external sector.
“Increased production volumes of Ghana’s key export commodities, high commodity prices, and improved remittance flows will drive strong external sector performance,” the report stated.
The Bank also emphasized that continued commitment to policy and reform implementation under the IMF programme will help restore investor confidence and attract more capital inflows.
In addition, the operationalization of the Ghana Gold Board (GoldBod) is expected to further enhance the central bank’s Gold for Reserves programme, supporting efforts to build long-term reserve buffers.