Ghana’s international reserves drop to US$11.04 billion in August as BoG pushes for significant build-ups in coming months
This marks a US$1.9 billion decline from the about US$12.94 billion that the country recorded at the end of June 2026.
Ghana's international reserves fell to US$11.04 billion in August 2026, representing a US$1.9 billion decrease from June 2026. This gives the country just 4.2 months of import cover. Bank of Ghana Governor Dr. Johnson Asiama announced these figures during a meeting on September 23, 2026. He noted that Ghana's current account is expected to show a deficit in the third quarter due to slower gold shipments and increasing service payments.
Despite this, reserves were reported at US$12.04 billion as of September 22, 2026. The governor emphasized that rebuilding net foreign assets should be the priority heading into the fourth quarter. He stressed that concerns like the weaker current account, declining reserves, and a pause in gold exports necessitate careful consideration of buffers before the typical increase in foreign exchange demand.
Written by urgent.news from MyJoyOnline Ghana's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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