George Wilkinson

Bank of Ghana Ended 2025 With international reserves hitting record $13.8bn​​, the highest reserve level in the country’s history.

In simple terms, this is Ghana’s foreign currency savings account, and it grew by about $5 billion in one year.

Even after the government paid $709 million to service Eurobond debt in December, the reserves still closed the year at record highs.

So what does this mean?
• It gives the Bank of Ghana real firepower to defend the cedi
• It reassures investors that Ghana can pay its foreign debts
• It reduces panic during tough periods like early-year imports and dividend payments
• It boosts confidence in the economy both locally and internationally

This is one big reason the cedi shocked everyone in 2025, gaining over 40% against the dollar and ending the year around GH¢10.45/$.

Analysts say gold purchases and tighter reserve management did the heavy lifting and the buffer is now strong enough to absorb any seasonal pressure.

More stories loading…