gross international reserves

Ghana’s Gross Reserves Stood At 1.0 Month Of Import Cover In August 2023; Trade Surplus Hits $2.016Bn – BoG
25 Sep

Ghana’s Gross Reserves Stood At 1.0 Month Of Import Cover In August 2023; Trade Surplus Hits $2.016Bn – BoG

wontumionlineBusiness, ,
Ghana Gross International Reserves (GIR) excluding Encumbered Assets and Petroleum Fund stood at $2.08 billion in August 2023, about 1.0 month of import cover. According to the Bank of Ghana’s September 2023 Summary of Economic and Financial Data, the reserves grew from $1.406 billion (0.7 months of import cover) in April 2023 to $2.162 billion (1.0 month of import cover) in May 2023 and $2.235 billion in June 2023 (1.0 month of import cover) respectively. It stood at $2.239 billion (1.0 month of import cover) in July 2023 and $2.089 billion (1.0 month of import cover) in August 2023 correspondingly.…
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Ghana’s Gross Reserves Fall To 2.9 Months Of Import Cover In September 2022
07 Oct

Ghana’s Gross Reserves Fall To 2.9 Months Of Import Cover In September 2022

wontumionlineBusiness, , , ,
Ghana’s Gross International Reserves fell to $6.6 billion, equivalent to 2.9 months of import cover for goods and services in September 2022, data from the Bank of Ghana has revealed. This is compared with the December 2021 position of $9.7 billion, equivalent to 4.3 months of import cover. However, net International Reserves, which exclude encumbered assets and petroleum funds, is estimated at US$2.7 billion as at September 2022. Trade surplus hits $1.7bn Meanwhile, Ghana recorded a trade surplus of $1.7 billion dollars in the eight months of this year. This far exceeds the surplus of $892.4 million dollars recorded in…
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