The Governor of the Bank of Ghana (BoG), Dr. Johnson Pandit Asiama, has assured Ghanaians that the institution possesses sufficient dollars to support the economy.
He stated that the economy is robust, with a positive external sector, and the Bank has adequate foreign exchange reserves to facilitate imports.
Speaking at a press conference in Accra following the 125th regular meeting of the Monetary Policy Committee (MPC) of the BoG, Dr. Asiama emphasized that the Bank is supporting the market with foreign exchange generated from gold sales by the small-scale mining sector.
Additionally, he noted that importers who fail to secure dollars encounter documentation issues.
The Governor further highlighted that economic growth reached 5.3% in the first quarter of 2025, up from 4.9% in the same period last year, driven primarily by the non-oil sector’s expansion of 6.8%.
The agriculture and services sectors were identified as key drivers of this growth.
According to Dr. Asiama, the Composite Index of Economic Activity, which rose by 4.4% year-on-year in May 2025 compared to 3.4% in May 2024, demonstrates evidence of economic recovery.
“Key contributing sectors included international trade, consumption, construction and tourism,” he noted.
By: Rainbowradioonline.com/Ghana