BoG Confirms $10bn Injection to Stabilise Ghana’s Economy
Bank of Ghana says $10bn has been pumped into the economy to stabilise the cedi, support IPPs, and strengthen foreign reserves
- BoG confirms massive financial support to stabilise the economy since 2025
- Funds mainly went to IPPs and bondholders to strengthen market stability
- Intervention aimed at stabilising the exchange rate and boosting foreign reserves
The Bank of Ghana (BoG) has confirmed that it has injected $10 billion into the economy since 2025 to stabilise the exchange rate and strengthen the nation’s foreign reserves.
The Central Bank said the financial intervention largely involved payments to Independent Power Producers (IPPs) and bondholders, forming part of a broader strategy to support market stability.
Speaking at a Public Accounts Committee session on Monday, Nii Sowah Ahorlu, Head of Financial Marketing at BoG, and Governor Dr. Johnson Asiama, highlighted the impact of the measures.
“Relative to last year, we have had significant intermediation processes, and that is what we have observed in terms of the stability and appreciation we have incurred. In terms of our support for the market this year, overall it has been close to $10 billion,” Ahorlu stated.
The disclosure comes amid heightened scrutiny of BoG’s foreign exchange interventions, as stakeholders seek assurances that the measures are achieving the desired economic stability.
