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Speaking in an exclusive interview with Joy Business’ George Wiafe on the sidelines of the IMF/World Bank Spring Meetings in Washington, D.C., which was closely monitored Elvisanokyenews.net, Dr. Asiama explained the central bank’s commitment to safeguarding Ghana’s financial gains.
Ghana’s international reserves reached a record high of $9.2 billion at the end of February 2025, a milestone that has drawn commendation from the International Monetary Fund. According to the IMF, the reserve level now surpasses the amount required for Ghana’s successful completion of its ongoing IMF program, which ends in May 2026.
Dr. Asiama revealed that the central bank’s proactive approach and sound planning are key to sustaining this progress. He also pointed to growing market confidence, supported by Ghana’s economic recovery and the benefits of the IMF-backed reform program.
“We have a projected cash flow when it comes to the foreign exchange demands going forward, so we have a good idea of payments that would have to be made probably two years from now,” he explained.
“We project all these, we don’t just wait until there’s a demand before we act. We have it all figured out and we think that the current levels of reserves we have should be able to carry us through at least a couple of years coming ahead.”
“The fund program brings about its own dividends because now there’s renewed confidence in the economy. You can see lots more of foreign investors coming in. People are now asking about bonds once again. That is exciting, if those will pick up, you’ll see it in terms of movements in the cedi,” he stated.
Some industry experts have credited the current stability of the cedi to Ghana’s robust reserve buffer.
Source: Elvisanokyenews.net
