Ghana’s forex reserves surge as small scale gold export strategy pays off

Ghana’s foreign exchange reserves have seen a significant boost, according to data released by the Ghana Gold Board (GoldBod).

The increase is attributed to a sharp rise in gold exports, which have reached unprecedented levels.

This surge in exports has been credited to policies and initiatives implemented under the Mahama-led administration, which have enhanced gold production and streamlined export processes.

The improved forex reserves are expected to strengthen the local currency and support Ghana’s macroeconomic stability.

Below is the trend of gold export 2023 to 2025

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