Ghana’s gross international reserves reached $13.83 billion in December 2025, providing close to six months of import cover, Bank of Ghana Governor Dr. Johnson Asiama has revealed. The milestone reflects the central bank’s efforts to strengthen external buffers while supporting economic stability.
Dr. Asiama made the disclosure during a courtesy visit by His Majesty Otumfuo Osei Tutu II, Asantehene, at the Bank of Ghana. Speaking on the state of the economy, the governor highlighted that the increase in reserves was part of a broader improvement in macroeconomic fundamentals, including declining inflation and stronger trade performance.
“Inflation, which stood at 23.8 percent in December 2024, declined steadily over the year to 5.4 percent in December 2025,” Dr. Asiama said. “These improvements, coupled with rising reserves, reflect growing confidence in Ghana’s economic management and restore credibility in policy frameworks.”
The governor stressed that the cedi’s performance in 2025, which saw the local currency strengthen against the U.S. dollar, was underpinned by the combination of better fiscal discipline, production-focused policies, and coordinated action between the Bank of Ghana and the Ministry of Finance.
While noting the progress, Dr. Asiama cautioned that stability is earned continuously. “A currency remains strong only when the real economy beneath it is productive, competitive, and disciplined. The cedi’s gains are not a victory lap, but a responsibility,” he said.
The Bank of Ghana remains committed to supporting long-term economic stability, improving livelihoods, and ensuring that gains in reserves and inflation management translate into affordable credit, job creation, and stronger local industry.
