Ghana has grown its gross international reserves by $2.14 billion in the first half of 2025—without resorting to foreign borrowing or International Monetary Fund (IMF) disbursements, Finance Minister Dr. Cassiel Ato Forson has revealed.
Presenting the 2025 Mid-Year Budget Review to Parliament on Thursday, July 24, Dr. Forson hailed the achievement as a significant milestone for the economy. He credited the increase to effective fiscal discipline, strong domestic policies, and renewed investor confidence in the country’s economic direction.
“As of June 2025, Ghana’s reserves have reached $11.12 billion, up from $8.98 billion in December 2024—an impressive rise achieved entirely through internal efforts,” he told lawmakers.
The improvement also increased the country’s import cover from four months to 4.8 months, which Dr. Forson said reflects a stabilising economy.
He stressed that the growth was not supported by IMF funds or new external loans, but rather driven by prudent management and reforms at home.
“This is not just a number. It is a clear signal that our economic policies are yielding results and restoring macroeconomic stability,” the Minister added.
Dr. Forson’s announcement is expected to bolster public and investor confidence, as the government continues its efforts to rebuild the economy while reducing reliance on foreign debt.
