President John Dramani Mahama just revealed some amazing news about Ghana's money situation. The country can cover six months of imports with its cash reserves right away. Just three months back, Ghana could only afford 4.7 months of imports with the same money. The president talked to Council of State members at Jubilee House about this major win. He called this achievement one of the best financial records Ghana has seen in fifteen years.
Mahama wants Ghana to reach ten months of import coverage very soon. His government worked with the Bank of Ghana to make smart changes that boosted the country's foreign money supplies. Gold export reforms helped bring more foreign cash into Ghana's accounts. The Ghana Gold Board cleaned up the gold industry and made everything work better. These moves created more transparency around how much money Ghana makes from selling gold abroad.
The president believes Ghana's international reserves will hit record levels within weeks. His administration rolled out targeted fixes that improved how the country handles its foreign exchange earnings. Gold sales became more organized and profitable under the new system. Mahama promised that Finance Minister Dr. Ato Forson will share complete details during the upcoming Mid-Year Budget presentation. The government plans to keep making careful economic decisions that will help Ghana build a stronger financial future.
Mahama wants Ghana to reach ten months of import coverage very soon. His government worked with the Bank of Ghana to make smart changes that boosted the country's foreign money supplies. Gold export reforms helped bring more foreign cash into Ghana's accounts. The Ghana Gold Board cleaned up the gold industry and made everything work better. These moves created more transparency around how much money Ghana makes from selling gold abroad.
The president believes Ghana's international reserves will hit record levels within weeks. His administration rolled out targeted fixes that improved how the country handles its foreign exchange earnings. Gold sales became more organized and profitable under the new system. Mahama promised that Finance Minister Dr. Ato Forson will share complete details during the upcoming Mid-Year Budget presentation. The government plans to keep making careful economic decisions that will help Ghana build a stronger financial future.
