{"id":22197,"date":"2011-12-27T14:27:09","date_gmt":"2011-12-27T14:27:09","guid":{"rendered":"http:\/\/www.ghanamma.net\/2011\/12\/ghana-adds-100m-to-gross-international-reserves-in-nine-months\/"},"modified":"2011-12-27T14:27:09","modified_gmt":"2011-12-27T14:27:09","slug":"ghana-adds-100m-to-gross-international-reserves-in-nine-months","status":"publish","type":"post","link":"https:\/\/www.ghanamma.com\/2011\/12\/27\/ghana-adds-100m-to-gross-international-reserves-in-nine-months\/","title":{"rendered":"Ghana adds $100m to gross international reserves in nine months"},"content":{"rendered":"

You Are Here: Home<\/a> \u00bb General News<\/a>, Lead Story<\/a> \u00bb Ghana adds $100m to gross international reserves in nine months<\/p>\n

\n

Page last updated at Tuesday, December 27, 2011 14:14 PM \/\/ <\/span><\/div>\n

\"\"<\/a>The current gross international reserves (GIR) of Ghana as at the end of September 2011 is $4.8 billion, according to the Bank of Ghana (BoG).<\/p>\n

The level of the reserves in December 2010 was $4.7 billion, the Monetary Policy Committee (MPC) of BoG said December 21, 2011.<\/p>\n

This means the country added a $100 million to the reserves in the last nine months.<\/p>\n

\u201cThe GIR of the Bank of Ghana was $4.8 billion as at the end of September 2011. This may be compared to the December 2010 level of $4.7 billion,\u201d said the MPC said in a press statement.<\/p>\n

Most of the country\u2019s reserves are in dollars but the BoG has hinted of a likely reserves investment in the Chinese Yuan. Neighbouring Nigeria, Africa\u2019s most populous nation plans to do so.<\/p>\n

Ghana\u2019s assets in gold based on current gold prices is valued at $400 million, the governor of the BoG, Mr. Kwesi Amissah-Arthur told a news conference in Accra.<\/p>\n

In another development, the MPC\u00a0 indicated that the total inward transfers through the banks from January to October 2011 amounted to $14.5 billion, representing a growth of 48.3% over the corresponding period of 2010.<\/p>\n

Of the total transfers, $1.6 billion accrued to individuals compared to $1.1 billion in October 2010, the BoG said.<\/p>\n

By Ekow Quandzie<\/p>\n

Comments<\/h4><\/p>\n","protected":false},"excerpt":{"rendered":"

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