Governor of the Financial institution of Ghana, Dr. Johnson Asiama, has given agency assurance that Ghana’s document worldwide reserves shall be managed prudently to maintain financial stability and market confidence.
In an unique interview with Pleasure Enterprise’ George Wiafe in Washington, D.C., on the sidelines of the IMF/World Financial institution Spring Conferences, Dr. Asiama acknowledged:
“We’ve a projected money move in relation to overseas trade calls for going ahead, and so we now have a good suggestion of funds to be made not less than two years from now.”
He added that the present stage of reserves ought to comfortably help the nation’s exterior obligations over the subsequent two years.
Ghana’s worldwide reserves reached $9.2 billion on the finish of February 2025 — a historic excessive.
The Worldwide Financial Fund (IMF) has even indicated that Ghana’s reserve stage now exceeds what’s required by the point the nation completes its IMF programme in Might 2026.
Nonetheless, considerations have been raised by analysts that the Financial institution of Ghana is likely to be pressured right into a “forex defending spree,” which may erode the reserves.
Others worry that the federal government might strain the central financial institution to make recent funds that would additionally affect the reserve place.
Addressing these fears, Dr. Asiama assured that the central financial institution is effectively conscious of the dangers and can act responsibly.
“We totally perceive the significance of sustaining excessive reserve ranges and their affect on market confidence,” he mentioned. “All the pieces shall be performed to protect a powerful reserve place.”
Some business specialists have credited the present stability of the cedi to Ghana’s strong reserve buffer.
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