Ghana's economy recovers as exchange rate stabilizes, debt negotiations progress, and GIR improves.
Ghana's economy is recovering, according to Bank of Ghana Governor Dr. Ernest Addison. Recent data indicates that the exchange rate has stabilized, debt restructuring negotiations have progressed, and the Bank of Ghana's Gold Purchase program has exceeded expectations. The central bank's efforts to tame inflation have yielded positive results, and Ghana's Gross International Reserves have improved, reaching 3.0 months of import cover in April 2024.
July 17, 2024
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