Ghana’s Reserves Hit $14.5bn—Import Cover Rises to 5.8 Months as Inflation Eases
The Bank of Ghana says that Ghana’s foreign reserves have grown to about $14.5 billion, which is enough to cover imports for 5.8 months. This is up from just over $13 billion in January 2026. According to Governor Dr. Johnson Pandit Asiama, this shows that the overall economy is getting better. For example, inflation fell to 3.3% in February, there was a 2.6% primary surplus in 2025, and economic activity and credit growth are slowly picking up. He said that stronger reserves help investors feel more secure and make the economy more resilient to shocks from outside. The Ghana Accelerated National Reserve Accumulation Programme (GANRAP) plans to add more reserves, with the goal of having enough to cover 50 months’ worth of imports by 2028. He did, however, warn that careful coordination of policies is needed to reach this goal. He also said that global risks, like tensions in the Middle East that affect energy prices and shipping, could make inflation worse.
