By Colleen Goko
Ghana’s central bank has rebuilt its foreign reserves to the equivalent of four and a half months of import cover after they were nearly depleted during a 2022 economic crisis, Governor Johnson Asiama said on Thursday, crediting a new state-run gold trading body with helping plug foreign-exchange leaks.
The GoldBod, set up in March, has brought in about $8 billion by centralizing the purchase and export of gold, ensuring foreign currency earnings return to Ghana, Asiama said at an event during the International Monetary Fund and World Bank annual meetings in Washington.