Ghana’s central bank will prioritise rebuilding foreign exchange reserves in the coming months \u200bas it navigates a weaker current account, declining reserves \u200cand a pause in gold exports by state buyer GoldBod since August, Governor Johnson Asiama said on Wednesday.<\/p>\n
Speaking at the start of the Monetary Policy \u200bCommittee meeting, Asiama said policymakers would need to balance generally \u200bpositive domestic conditions against an increasingly uncertain global backdrop shaped \u2060by the Middle East conflict and rising oil prices.<\/p>\n
“The weaker \u200bcurrent account, the decline in reserves, and the pause in gold \u200bexports by GoldBod since August… call for a careful look at our buffers ahead of the usual rise in forex demand in the fourth quarter,” \u200bhe said.<\/p>\n
Ghana’s gold reserves fell to 24.4 metric tons in June \u200b2026 from 33 tons a year earlier, reflecting gold sales in 2025 and lower-than-targeted \u200cpurchases \u2060from large-scale miners.<\/p>\n
Under the domestic gold purchase programme, GoldBod aggregates locally produced gold for export and reserve accumulation, with part of the bullion transferred to the central bank to bolster reserves and \u200bsupport the cedi.<\/p>\n
In \u200bMay, Ghana \u2060raised the share of annual output that large-scale gold miners must sell to the central bank \u200bto 30%, from 20%, as part of a renewed \u200bpush \u2060to build reserves.<\/p>\n
“Rebuilding reserves will be a key priority for the bank in the coming months indeed,” Asiama said.<\/p>\n
Ghana’s economy grew by 6.0% \u2060in the \u200bsecond quarter of 2026, down from \u200ba revised 6.6% in the same period a year earlier, the Ghana Statistical Service \u200bsaid earlier this month.<\/p>\n
<\/p>\n","protected":false},"excerpt":{"rendered":"
Ghana’s central bank will prioritise rebuilding foreign exchange reserves in the coming months \u200bas it navigates a weaker current account, declining reserves \u200cand a pause in gold exports by state buyer GoldBod since August, Governor Johnson Asiama said on Wednesday. Speaking at the start of the Monetary Policy \u200bCommittee meeting, Asiama said policymakers would need […]<\/p>\n","protected":false},"author":6,"featured_media":19720,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":5,"jnews-multi-image_gallery":[],"jnews_single_post":{"format":"standard","override":[{"template":"1","parallax":"1","fullscreen":"1","layout":"right-sidebar","sidebar":"default-sidebar","second_sidebar":"default-sidebar","sticky_sidebar":"1","share_position":"top","share_float_style":"share-monocrhome","show_featured":"1","show_post_meta":"1","show_post_author_image":"1","show_post_date":"1","post_date_format":"default","post_date_format_custom":"Y\/m\/d","show_post_reading_time":"0","post_reading_time_wpm":"300","post_calculate_word_method":"str_word_count","show_zoom_button":"0","zoom_button_out_step":"2","zoom_button_in_step":"3","show_post_tag":"1","show_comment_section":"1","number_popup_post":"1","show_post_related":"1","show_inline_post_related":"1"}],"image_override":[{"single_post_thumbnail_size":"crop-500","single_post_gallery_size":"crop-500"}],"trending_post_position":"meta","trending_post_label":"Trending","sponsored_post_label":"Sponsored by","disable_ad":"0","source_name":"Reuters","subtitle":""},"jnews_primary_category":[],"jnews_social_meta":[],"jnews_override_counter":{"view_counter_number":"0","share_counter_number":"0","like_counter_number":"0","dislike_counter_number":"0"},"footnotes":""},"categories":[32,2362,27],"tags":[1438,158],"class_list":["post-22081","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economy","category-featured","category-west-africa","tag-central-bank","tag-ghana"],"_links":{"self":[{"href":"https:\/\/qiraatafrican.com\/en\/wp-json\/wp\/v2\/posts\/22081","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/qiraatafrican.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/qiraatafrican.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/qiraatafrican.com\/en\/wp-json\/wp\/v2\/users\/6"}],"replies":[{"embeddable":true,"href":"https:\/\/qiraatafrican.com\/en\/wp-json\/wp\/v2\/comments?post=22081"}],"version-history":[{"count":1,"href":"https:\/\/qiraatafrican.com\/en\/wp-json\/wp\/v2\/posts\/22081\/revisions"}],"predecessor-version":[{"id":22082,"href":"https:\/\/qiraatafrican.com\/en\/wp-json\/wp\/v2\/posts\/22081\/revisions\/22082"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/qiraatafrican.com\/en\/wp-json\/wp\/v2\/media\/19720"}],"wp:attachment":[{"href":"https:\/\/qiraatafrican.com\/en\/wp-json\/wp\/v2\/media?parent=22081"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/qiraatafrican.com\/en\/wp-json\/wp\/v2\/categories?post=22081"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/qiraatafrican.com\/en\/wp-json\/wp\/v2\/tags?post=22081"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}