external borrowing – Adomonline.com https://www.adomonline.com Your comprehensive news portal Thu, 24 Jul 2025 15:53:49 +0000 en-US hourly 1 https://wordpress.org/?v=6.9.3 https://www.adomonline.com/wp-content/uploads/2019/03/cropped-Adomonline140-32x32.png external borrowing – Adomonline.com https://www.adomonline.com 32 32 Mid-Year Budget Review: Ghana adds $2.14bn to reserves without external borrowing – Ato Forson https://www.adomonline.com/mid-year-budget-review-ghana-adds-2-14bn-to-reserves-without-external-borrowing-ato-forson/ Thu, 24 Jul 2025 15:53:49 +0000 https://www.adomonline.com/?p=2559574 Finance Minister Dr. Cassiel Ato Forson has announced that Ghana has increased its gross international reserves by $2.14 billion within the first half of 2025—without relying on any external borrowing.

Presenting the 2025 Mid-Year Budget Review in Parliament on Thursday, July 24, Dr. Forson described the development as a major milestone, crediting it to sound fiscal management and strong domestic reforms.

“In just six months, even before the IMF disbursement and without external borrowing, we have added $2.14 billion to the country’s gross international reserves,” he stated.

According to him, Ghana’s reserves rose from $8.98 billion in December 2024 to $11.12 billion by the end of June 2025.

He added that the current reserve level is sufficient to cover 4.8 months of imports—up from the four-month cover recorded at the end of last year.

Dr. Forson attributed the progress to the government’s commitment to macroeconomic stability and disciplined governance.

“This is not just a number. It signals that confidence is returning to our economy and that the measures we are implementing are yielding results,” he said.

Source: Adomonline.com

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