{
  "id": 2955044,
  "title": "Middle East tensions put Ghana’s reserves under pressure – BoG Governor",
  "url": "https://urgent.news/2026/08/24/middle-east-tensions-put-ghanas-reserves-under-pressure-bog-governor-2955044",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-24T05:33:00.000Z",
  "source": {
    "name": "MyJoyOnline Ghana",
    "slug": "myjoyonline-ghana",
    "url": "https://www.myjoyonline.com/middle-east-tensions-put-ghanas-reserves-under-pressure-bog-governor/"
  },
  "original_language": "en",
  "account": "Bank of Ghana Governor Dr Johnson Asiama has cautioned that Middle East tensions have put significant strain on Ghana's international reserves in recent months. The country has faced a difficult period as global events impacted its reserves and led the central bank to provide support to vital sectors. Dr Asiama noted that the last three to four months have been particularly challenging, resulting in a loss of 1.2 billion reserves. According to July economic data from the Bank of Ghana, Ghana's international reserves have dropped from US$14.1 billion to US$12.9 billion. During an engagement with University of Ghana and University of Ghana Business School students, Dr Asiama emphasized the importance of maintaining strong reserves to protect the nation against global economic shocks. He highlighted that building up reserves last year was crucial for navigating these uncertain times. Dr Asiama stressed that managing such pressures involves difficult decisions as countries grapple with external shocks. To rebuild reserves, he advocated for increasing earnings from cocoa exports and non-traditional exports, which currently make up about 10% of Ghana's exports and should be raised to 15%. Additionally, Dr Asiama suggested leveraging remittances, which total over US$8 billion, for productive investments instead of consumption.",
  "summary": "Bank of Ghana (BoG) Governor Dr Johnson Asiama has revealed that tensions in the Middle East have put significant pressure on Ghana’s international reserves in recent months.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 3,
    "also_reported_by": [
      {
        "outlet": "Joy Business",
        "title": "Middle East tensions put Ghana’s reserves under pressure – BoG Governor",
        "url": "https://urgent.news/2026/08/24/middle-east-tensions-put-ghanas-reserves-under-pressure-bog-governor",
        "published": "2026-08-24T05:33:00.000Z"
      },
      {
        "outlet": "Hellenic Shipping News",
        "title": "5 ways the Middle East crisis has changed APAC upstream",
        "url": "https://urgent.news/2026/08/24/5-ways-the-middle-east-crisis-has-changed-apac-upstream",
        "published": "2026-08-24T10:00:21.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}