The Governor of the Bank of Ghana, Dr Johnson Asiama has disclosed that Ghana's gross international reserves have climbed to $11.1 billion translating to a 4.8 months of import cover.

According to him, Ghana's current account surplus stands at $3.4billion, a key component in positioning the country's balance of payment.

Speaking to GhanaWeb Business, Dr Asiama attributed the progress to a combination of prudent monetary and fiscal measures introduced earlier this year.

The Governor of the Bank of Ghana, Dr Johnson Asiama, has disclosed a positive turnaround in Ghana’s economic outlook, citing improvements in inflation, exchange rate stability, fiscal performance, and external reserves.

"Our tight monetary policy stance since February 2025, which has reduced inflation, tempered exchange rate volatility, and restored market confidence," he stated.

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He also added that Ghana’s fiscal consolidation efforts are yielding results recording a fiscal deficit of 0.7% of GDP in the first half of 2025, far below the projected target of 1.8% for the same period.

Dr Asiama further announced a positive turnaround in Ghana’s economic outlook, citing inflation, fiscal stability and external reserves.

SP/MA

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