Finance Minister Ato Forson has announced improvements in Ghana’s monetary and financial sector, with the country recording a trade surplus of US$13 billion and an increase in gross international reserves to US$12.1 billion.

Presenting the 2027 Budget Statement and Economic Policy to Parliament on Thursday, November 12, 2026, he said the country's economic performance had been supported by a reduction in the monetary policy rate and growth in private sector credit.

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According to the budget figures, the Bank of Ghana reduced the monetary policy rate to 14.0% by September 2026, while credit to the private sector recorded a strong growth of 34%.

“Private sector credit grew robustly by 34.0%,” Ato Forson said, highlighting the improved access to credit for businesses.

The banking sector also recorded improvements, with its Capital Adequacy Ratio (CAR) rising to 18.9%. Non-performing loans (NPLs) also declined to 14%, indicating an improvement in the performance of loans within the banking industry.

On the capital market, the Ghana Stock Exchange Composite Index surged by 73.1%, reflecting strong growth in the performance of listed stocks.

Ghana's external position also strengthened during the period, with the trade surplus reaching US$13 billion. Gross international reserves increased to US$12.1 billion, providing the country with 4.5 months of import cover.

The Finance Minister noted that the increase in reserves had strengthened the country's ability to meet its external obligations and support international trade.

“These developments reflect the progress made in strengthening our monetary and financial sector and improving our external position,” he said.

The figures form part of government's assessment of the country's economic performance as it seeks to sustain stability, strengthen the financial sector and improve investor confidence.

ANAS/EB

Dr Cassiel Ato Forson is presenting the 2027 Budget Statement and Economic Policy