IMF Review Approval Could Bolster Ghana's Forex Reserves, Cedi Stability
According to Finance Ministry projections, the injection would strengthen Ghana’s foreign exchange reserves amid ongoing efforts to stabilize the cedi. An additional $360 million from the World Bank is anticipated by month-end, further reinforcing external buffers. The review follows staff-level confirmation that Ghana met required reform benchmarks.
Analysts note timely approval would signal sustained reform credibility to investors, supporting Ghana’s goal of re-entering international capital markets. Central bank officials emphasize enhanced reserves would improve capacity to manage currency volatility and curb inflation. The decision marks Ghana’s fourth consecutive program review success, underscoring commitment to post-COVID fiscal recovery.
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