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Ghana’s Foreign Reserve Fall...   
 
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18-Sep-2012  
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Ghana’s international reserves in gross terms now stands at $4.2 billion as at the end of August 2012, the Bank of Ghana has said.

The reserves fell from $4.3 billion as at June 8, 2012 and from $5.4 billion in December 2011.

The reserves were $4.5 billion in August 2011. “Gross International Reserves was $4.2 billion at the end of August 2012, compared to $4.5 billion in August 2011,” acting Central Bank Governor Dr Kofi Wampah told a press conference in Accra.

Dr Wampah adds “This was equivalent to 2.4 months of import cover.”

 
 
Source: ghanabusinessnews.com
 
 

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