“We Added $2.14bn to Reserves Without Borrowing” – Ato Forson
Finance Minister says Ghana grew reserves by $2.14 billion in six months without foreign borrowing, citing strong domestic reforms and renewed investor confidence.
- Ghana’s reserves grew from $8.98bn to $11.12bn in six months
- $2.14bn increase achieved without external borrowing or IMF funds
- Government attributes growth to local reforms and sound economic management
Finance Minister Dr. Cassiel Ato Forson has announced that Ghana has added $2.14 billion to its gross international reserves within just six months—without any external borrowing.
Delivering the 2025 Mid-Year Budget Review to Parliament on Thursday, July 24, Dr. Forson described the achievement as a major economic milestone, attributing the success to sound fiscal management and domestic-driven reforms.
“In just half a year—and before any IMF disbursement—we’ve grown our reserves by $2.14 billion through internal efforts alone,” he told the House.
According to the Minister, Ghana’s gross international reserves rose to $11.12 billion by the end of June 2025, up from $8.98 billion in December 2024. This increase has pushed import cover from four to 4.8 months.
Dr. Forson said the steady rise in reserves signals growing investor confidence and validates the current administration’s economic strategy.
“This is more than just a statistic—it’s proof that our economy is stabilising, and the policies we’re pursuing are working,” he asserted.
