Finance Minister Dr. Cassiel Ato Forson has disclosed an addition of $2.14 billion to its gross international reserves within six months without relying on any form of external borrowing.
Presenting the 2025 Mid-Year Budget Review in Parliament on Thursday, July 24, Dr. Forson described the development as a major economic milestone, driven by prudent fiscal management and domestic efforts.
“In just six months, even before the IMF disbursement and without external borrowing, we have added $2.14 billion to the country’s gross international reserves,” he stated.
Dr. Forson announced that Ghana’s gross international reserves stood at $11.12 billion by the end of June 2025, covering 4.8 months of imports. This marks a significant increase from the $8.98 billion recorded in December 2024, which covered four months of imports.
He attributed the improvement to sustained macroeconomic reforms and sound leadership by the current administration.
“This is not just a number. It is a signal that confidence is returning to our economy and that the steps we are taking are working,” he emphasised.
