imports

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…