Core Insights - The Bank of Ghana announced that its international reserves will reach $11.4 billion by October 2025, an increase of $4 billion compared to the same period last year, with expectations to exceed $13 billion by year-end [1] - This growth is primarily attributed to the central bank's foreign exchange reserve accumulation plan and domestic gold procurement initiatives [1] - The record reserve levels are expected to enhance investor confidence and stabilize the local currency, with measures in place to address potential seasonal dollar demand pressures in Q1 2026 [1] Group 1 - The central bank has spent approximately $10 billion this year on obligations such as independent power producer (IPP) debt repayments and dividends, yet the reserve accumulation remains strong [1] - The International Monetary Fund previously expressed concerns regarding the risks associated with the central bank's involvement in gold-related projects, but the Bank of Ghana emphasized that the reserve growth demonstrates economic resilience [1] - Market analysts believe that sufficient reserves will enable the central bank to better support the Ghanaian cedi exchange rate and meet market demand for dollars [1]
加纳央行国际储备预计2025年底突破130亿美元
Shang Wu Bu Wang Zhan·2025-12-26 17:13