BOG’s International Reserves to Hit $13 Billion
The Bank of Ghana (BoG) is expecting a significant boost in the country’s international reserves, with projections indicating they could cross the $13 billion mark by the end of 2025. This development is a testament to the central bank’s strategic efforts to stabilize the economy and attract foreign investment.
According to the BoG, the Domestic Gold Purchase Programme (DGPP) has played a crucial role in strengthening Ghana’s reserves, supporting exchange rate stability, and providing access to foreign exchange without contracting new debt. The programme has also helped to increase gold inflows from the small-scale mining sector into the formal market.
The IMF has acknowledged Ghana’s improving macroeconomic environment, citing stronger-than-expected GDP growth, declining inflation, and a steady expansion of international reserves. The BoG’s proactive measures, including the DGPP, have contributed to this positive trend.
As of June 2025, Ghana’s foreign exchange reserves stood at $11.123 billion, up from $10.539 billion in May. The BoG is optimistic that the reserves will continue to grow, driven by the country’s economic recovery and reforms.
The increase in international reserves is expected to boost investor confidence and support Ghana’s economic growth. The BoG will continue to monitor the situation and implement policies to maintain macroeconomic stability and promote sustainable growth.
