International Reserves in Ghana

Ghana International Reserves | Economic News & Forecasts

Ghana - International Reserves

Growth appears to have strengthened in the third quarter, after decelerating in the second quarter. The PMI averaged higher from Q2, on the back of sustained production growth and a robust rate of job creation, suggesting business activity strengthened in the quarter. Moreover, merchandise exports growth accelerated in July–August, which should have supported the external sector in Q3. Turning to the fourth quarter, the PMI fell to an over one-year low in October, largely due to heavy rainfall, hinting at waning business activity. Meanwhile, on 6 November, the government announced plans to review its regulation for oil and gas licenses in an attempt to kick-start production. The proposed revisions will enable firms to drill elsewhere in the same area without having to acquire a new license, which should facilitate investment in the sector.

Ghana - International Reserves Data

2013  2014  2015  2016  2017  
International Reserves (USD)5.4  5.5  5.6  5.8  6.9  

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Ghana International Reserves Chart

Ghana International Reserves
Note: International reserves, months of imports.
Source: Bank of Ghana

Ghana Facts

Exchange Rate5.480.0 %Sep 04
Stock Market0.10.0 %Sep 04

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