The inventory of Ghana’s Gross Worldwide Reserves was estimated at US$9.4 billion on the finish of February 2025.
This was in step with the Worldwide Financial Fund goal.
In keeping with the Financial institution of Ghana, reserves was sufficient to cowl 4.2 months of imports of products and companies.
On the finish of December 2024, the inventory of Gross Worldwide Reserves was US$8.89 billion, equal to 4.0 months of imports of products and companies.
Commerce Surplus
In the meantime, Ghana recorded a commerce surplus of US$1.64 billion within the first two months of 2025.
This was equal to 1.9% of Gross Home Product.
In keeping with knowledge from the Financial institution of Ghana, this efficiency signifies a big enchancment within the accumulation of reserves.
Whole exports posted 50.0% annual progress to achieve US$4.3 billion.
This was pushed by elevated gold and cocoa exports arising from each the value and quantity results.
In distinction, crude oil exports declined as output from the three oil-producing fields fell.
Whole imports additionally elevated by 7.3% year-on-year to US$2.7 billion.
Costs of Commodities
In a associated improvement, the costs of Ghana’s main export commodities traded combined on the worldwide commodities market in early 2025.
Gold costs crossed US$3,000 per nice ounce on March 14, 2025, as a result of heightened financial uncertainty triggered by commerce and geopolitical tensions, persistent inflation, and a weakening US greenback.
In February 2025, gold costs averaged US$2,897.3 per nice ounce, indicating a year-on-year progress of 9.7 p.c.
Equally, crude oil costs recorded a marginal annual progress of two.4% to settle at a mean worth of US$74.95 per barrel.
Cocoa costs, nonetheless, declined by 8.5% pushed by an bettering provide outlook for the present 2024/25 season.
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