25
Mar
In the initial two months of 2024, Ghana's Gross International Reserves (GIR), excluding Encumbered Assets and Petroleum Fund, experienced a notable 9.99% increase, reaching $4.02 billion by February 2024. This amount is equivalent to providing a cover for 1.8 months of imports. Throughout this period, the country's reserves showed consistent growth, with a slight decline noted in February 2024 from the peak of $4.17 billion recorded in January 2024, compared to December 2023's $3.66 billion. According to the Bank of Ghana's March 2024 Economic and Financial Data Summary, Ghana's trade surplus in February 2024 amounted to $392.8 million, representing 0.5%…