\n
The Governor of the\u00a0Bank of Ghana\u00a0(BoG), Dr.\u00a0Ernest Addison, has announced that as of June 27, 2024, the Central Bank has successfully amassed foreign exchange reserves amounting to US$907 million.<\/p>\n
This figure is reported to be almost twice the target set by the\u00a0International Monetary Fund\u00a0(IMF) under Ghana\u2019s current bailout program.<\/p>\n
Speaking during a joint press conference between the Ministry of Finance and the IMF, Dr. Addison emphasized the ongoing commitment of the BoG to work in tandem with commercial banks to ensure they have sufficient capital to fulfil their roles in fostering economic growth.<\/p>\n
\u201cOn the year-to-date basis that is as of June 27, the BoG had accumulated foreign exchange reserves to the tune of $907 million nearly double what we have in the IMF programme target.\u201d<\/p>\n
\u201cThe bank will continue to work closely with the commercial banks to ensure that they are well capitalised to deliver on their mandates to support growth,\u201d he stated.<\/p>\n
Foreign exchange reserves are vital assets maintained by a Central Bank in various foreign currencies, which serve multiple purposes including stabilizing the country\u2019s balance of payments, influencing the exchange rate, and bolstering market confidence.<\/p>\n
These reserves comprise not only cash but also other valuable assets like gold.<\/p>\n
ID\/MA<\/p>\n
Source:\u00a0<\/strong>www.ghanaweb.com<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"
The Governor of the\u00a0Bank of Ghana\u00a0(BoG), Dr.\u00a0Ernest Addison, has announced that as of June 27, 2024, the Central Bank has successfully amassed foreign exchange reserves amounting to US$907 million. This figure is reported to be almost twice the target set by the\u00a0International Monetary Fund\u00a0(IMF) under Ghana\u2019s current bailout program. Speaking during a joint press conference […]<\/p>\n","protected":false},"author":1,"featured_media":195426,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9],"tags":[],"class_list":["post-195425","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business"],"yoast_head":"\n
BoG has about US$907m in foreign exchange reserves as of June 27 \u2013 BoG Governor \u2013 - Ghanamma.com<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.ghanamma.com\/2024\/07\/01\/bog-has-about-us907m-in-foreign-exchange-reserves-as-of-june-27-bog-governor\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"BoG has about US$907m in foreign exchange reserves as of June 27 \u2013 BoG Governor \u2013 - Ghanamma.com\" \/>\n<meta property=\"og:description\" content=\"The Governor of the\u00a0Bank of Ghana\u00a0(BoG), Dr.\u00a0Ernest Addison, has announced that as of June 27, 2024, the Central Bank has successfully amassed foreign exchange reserves amounting to US$907 million. This figure is reported to be almost twice the target set by the\u00a0International Monetary Fund\u00a0(IMF) under Ghana\u2019s current bailout program. Speaking during a joint press conference […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.ghanamma.com\/2024\/07\/01\/bog-has-about-us907m-in-foreign-exchange-reserves-as-of-june-27-bog-governor\/\" \/>\n<meta property=\"og:site_name\" content=\"Ghanamma.com\" \/>\n<meta property=\"article:published_time\" content=\"2024-07-01T19:41:59+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.ghanamma.com\/2024\/wp-content\/uploads\/2024\/07\/image-113.png\" \/>\n\t<meta property=\"og:image:width\" content=\"300\" \/>\n\t<meta property=\"og:image:height\" content=\"194\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Ghana News\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Ghana News\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/07\\\/01\\\/bog-has-about-us907m-in-foreign-exchange-reserves-as-of-june-27-bog-governor\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/07\\\/01\\\/bog-has-about-us907m-in-foreign-exchange-reserves-as-of-june-27-bog-governor\\\/\"},\"author\":{\"name\":\"Ghana News\",\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/#\\\/schema\\\/person\\\/c70749f3edfbfcd92d45e933f0fe10b5\"},\"headline\":\"BoG has about US$907m in foreign exchange reserves as of June 27 \u2013 BoG Governor \u2013\",\"datePublished\":\"2024-07-01T19:41:59+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/07\\\/01\\\/bog-has-about-us907m-in-foreign-exchange-reserves-as-of-june-27-bog-governor\\\/\"},\"wordCount\":224,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/07\\\/01\\\/bog-has-about-us907m-in-foreign-exchange-reserves-as-of-june-27-bog-governor\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/wp-content\\\/uploads\\\/2024\\\/07\\\/image-113.png\",\"articleSection\":[\"Business\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/07\\\/01\\\/bog-has-about-us907m-in-foreign-exchange-reserves-as-of-june-27-bog-governor\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/07\\\/01\\\/bog-has-about-us907m-in-foreign-exchange-reserves-as-of-june-27-bog-governor\\\/\",\"url\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/07\\\/01\\\/bog-has-about-us907m-in-foreign-exchange-reserves-as-of-june-27-bog-governor\\\/\",\"name\":\"BoG has about US$907m in foreign exchange reserves as of June 27 \u2013 BoG Governor \u2013 - Ghanamma.com\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/07\\\/01\\\/bog-has-about-us907m-in-foreign-exchange-reserves-as-of-june-27-bog-governor\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/07\\\/01\\\/bog-has-about-us907m-in-foreign-exchange-reserves-as-of-june-27-bog-governor\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/wp-content\\\/uploads\\\/2024\\\/07\\\/image-113.png\",\"datePublished\":\"2024-07-01T19:41:59+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/#\\\/schema\\\/person\\\/c70749f3edfbfcd92d45e933f0fe10b5\"},\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/07\\\/01\\\/bog-has-about-us907m-in-foreign-exchange-reserves-as-of-june-27-bog-governor\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/07\\\/01\\\/bog-has-about-us907m-in-foreign-exchange-reserves-as-of-june-27-bog-governor\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/07\\\/01\\\/bog-has-about-us907m-in-foreign-exchange-reserves-as-of-june-27-bog-governor\\\/#primaryimage\",\"url\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/wp-content\\\/uploads\\\/2024\\\/07\\\/image-113.png\",\"contentUrl\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/wp-content\\\/uploads\\\/2024\\\/07\\\/image-113.png\",\"width\":300,\"height\":194},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/07\\\/01\\\/bog-has-about-us907m-in-foreign-exchange-reserves-as-of-june-27-bog-governor\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"BoG has about US$907m in foreign exchange reserves as of June 27 \u2013 BoG Governor \u2013\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/#website\",\"url\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/\",\"name\":\"Ghanamma.com\",\"description\":\"Ghana mma provides breaking news, top stories in Ghana, Africa, business, entertainment, politics and more.\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/#\\\/schema\\\/person\\\/c70749f3edfbfcd92d45e933f0fe10b5\",\"name\":\"Ghana News\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/22cb97c2b08df229330efb2b8c2645feaae8d3ca3ee434035fbb668b5b82f570?s=96&d=mm&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/22cb97c2b08df229330efb2b8c2645feaae8d3ca3ee434035fbb668b5b82f570?s=96&d=mm&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/22cb97c2b08df229330efb2b8c2645feaae8d3ca3ee434035fbb668b5b82f570?s=96&d=mm&r=g\",\"caption\":\"Ghana News\"},\"sameAs\":[\"https:\\\/\\\/www.ghanamma.com\\\/2024\"],\"url\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/author\\\/ghanamma\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"BoG has about US$907m in foreign exchange reserves as of June 27 \u2013 BoG Governor \u2013 - Ghanamma.com","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.ghanamma.com\/2024\/07\/01\/bog-has-about-us907m-in-foreign-exchange-reserves-as-of-june-27-bog-governor\/","og_locale":"en_US","og_type":"article","og_title":"BoG has about US$907m in foreign exchange reserves as of June 27 \u2013 BoG Governor \u2013 - Ghanamma.com","og_description":"The Governor of the\u00a0Bank of Ghana\u00a0(BoG), Dr.\u00a0Ernest Addison, has announced that as of June 27, 2024, the Central Bank has successfully amassed foreign exchange reserves amounting to US$907 million. This figure is reported to be almost twice the target set by the\u00a0International Monetary Fund\u00a0(IMF) under Ghana\u2019s current bailout program. Speaking during a joint press conference […]","og_url":"https:\/\/www.ghanamma.com\/2024\/07\/01\/bog-has-about-us907m-in-foreign-exchange-reserves-as-of-june-27-bog-governor\/","og_site_name":"Ghanamma.com","article_published_time":"2024-07-01T19:41:59+00:00","og_image":[{"width":300,"height":194,"url":"https:\/\/www.ghanamma.com\/2024\/wp-content\/uploads\/2024\/07\/image-113.png","type":"image\/png"}],"author":"Ghana News","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Ghana News","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.ghanamma.com\/2024\/07\/01\/bog-has-about-us907m-in-foreign-exchange-reserves-as-of-june-27-bog-governor\/#article","isPartOf":{"@id":"https:\/\/www.ghanamma.com\/2024\/07\/01\/bog-has-about-us907m-in-foreign-exchange-reserves-as-of-june-27-bog-governor\/"},"author":{"name":"Ghana News","@id":"https:\/\/www.ghanamma.com\/2024\/#\/schema\/person\/c70749f3edfbfcd92d45e933f0fe10b5"},"headline":"BoG has about US$907m in foreign exchange reserves as of June 27 \u2013 BoG Governor \u2013","datePublished":"2024-07-01T19:41:59+00:00","mainEntityOfPage":{"@id":"https:\/\/www.ghanamma.com\/2024\/07\/01\/bog-has-about-us907m-in-foreign-exchange-reserves-as-of-june-27-bog-governor\/"},"wordCount":224,"commentCount":0,"image":{"@id":"https:\/\/www.ghanamma.com\/2024\/07\/01\/bog-has-about-us907m-in-foreign-exchange-reserves-as-of-june-27-bog-governor\/#primaryimage"},"thumbnailUrl":"https:\/\/www.ghanamma.com\/2024\/wp-content\/uploads\/2024\/07\/image-113.png","articleSection":["Business"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.ghanamma.com\/2024\/07\/01\/bog-has-about-us907m-in-foreign-exchange-reserves-as-of-june-27-bog-governor\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.ghanamma.com\/2024\/07\/01\/bog-has-about-us907m-in-foreign-exchange-reserves-as-of-june-27-bog-governor\/","url":"https:\/\/www.ghanamma.com\/2024\/07\/01\/bog-has-about-us907m-in-foreign-exchange-reserves-as-of-june-27-bog-governor\/","name":"BoG has about US$907m in foreign exchange reserves as of June 27 \u2013 BoG Governor \u2013 - Ghanamma.com","isPartOf":{"@id":"https:\/\/www.ghanamma.com\/2024\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.ghanamma.com\/2024\/07\/01\/bog-has-about-us907m-in-foreign-exchange-reserves-as-of-june-27-bog-governor\/#primaryimage"},"image":{"@id":"https:\/\/www.ghanamma.com\/2024\/07\/01\/bog-has-about-us907m-in-foreign-exchange-reserves-as-of-june-27-bog-governor\/#primaryimage"},"thumbnailUrl":"https:\/\/www.ghanamma.com\/2024\/wp-content\/uploads\/2024\/07\/image-113.png","datePublished":"2024-07-01T19:41:59+00:00","author":{"@id":"https:\/\/www.ghanamma.com\/2024\/#\/schema\/person\/c70749f3edfbfcd92d45e933f0fe10b5"},"breadcrumb":{"@id":"https:\/\/www.ghanamma.com\/2024\/07\/01\/bog-has-about-us907m-in-foreign-exchange-reserves-as-of-june-27-bog-governor\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.ghanamma.com\/2024\/07\/01\/bog-has-about-us907m-in-foreign-exchange-reserves-as-of-june-27-bog-governor\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.ghanamma.com\/2024\/07\/01\/bog-has-about-us907m-in-foreign-exchange-reserves-as-of-june-27-bog-governor\/#primaryimage","url":"https:\/\/www.ghanamma.com\/2024\/wp-content\/uploads\/2024\/07\/image-113.png","contentUrl":"https:\/\/www.ghanamma.com\/2024\/wp-content\/uploads\/2024\/07\/image-113.png","width":300,"height":194},{"@type":"BreadcrumbList","@id":"https:\/\/www.ghanamma.com\/2024\/07\/01\/bog-has-about-us907m-in-foreign-exchange-reserves-as-of-june-27-bog-governor\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.ghanamma.com\/2024\/"},{"@type":"ListItem","position":2,"name":"BoG has about US$907m in foreign exchange reserves as of June 27 \u2013 BoG Governor \u2013"}]},{"@type":"WebSite","@id":"https:\/\/www.ghanamma.com\/2024\/#website","url":"https:\/\/www.ghanamma.com\/2024\/","name":"Ghanamma.com","description":"Ghana mma provides breaking news, top stories in Ghana, Africa, business, entertainment, politics and more.","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.ghanamma.com\/2024\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.ghanamma.com\/2024\/#\/schema\/person\/c70749f3edfbfcd92d45e933f0fe10b5","name":"Ghana News","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/22cb97c2b08df229330efb2b8c2645feaae8d3ca3ee434035fbb668b5b82f570?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/22cb97c2b08df229330efb2b8c2645feaae8d3ca3ee434035fbb668b5b82f570?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/22cb97c2b08df229330efb2b8c2645feaae8d3ca3ee434035fbb668b5b82f570?s=96&d=mm&r=g","caption":"Ghana News"},"sameAs":["https:\/\/www.ghanamma.com\/2024"],"url":"https:\/\/www.ghanamma.com\/2024\/author\/ghanamma\/"}]}},"_links":{"self":[{"href":"https:\/\/www.ghanamma.com\/2024\/wp-json\/wp\/v2\/posts\/195425","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.ghanamma.com\/2024\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.ghanamma.com\/2024\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.ghanamma.com\/2024\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.ghanamma.com\/2024\/wp-json\/wp\/v2\/comments?post=195425"}],"version-history":[{"count":0,"href":"https:\/\/www.ghanamma.com\/2024\/wp-json\/wp\/v2\/posts\/195425\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.ghanamma.com\/2024\/wp-json\/wp\/v2\/media\/195426"}],"wp:attachment":[{"href":"https:\/\/www.ghanamma.com\/2024\/wp-json\/wp\/v2\/media?parent=195425"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.ghanamma.com\/2024\/wp-json\/wp\/v2\/categories?post=195425"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.ghanamma.com\/2024\/wp-json\/wp\/v2\/tags?post=195425"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}