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Ghana’s foreign reserves recover to $5.5b end of January 2013

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dollarsGhana’s gross international reserves recovered to growth after it suffered some slips during the year 2012.

The country’s reserves rose to $5.5 billion at the end of January 2013 having an import cover of 3.1 months, according to the Bank of Ghana (BoG).

The reserves, at the end of 2012, were $5.4 billion compared to 2011’s $5.5 billion, the central bank said February 13, 2013.

The 2012 reserves amount had an import cover of three months, it indicated.

By Ekow Quandzie

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One comment

  1. 3 months import cover, GHANA SHOULD IMPORTING RICE, POULTRY, TOOTH PICKS THINGS THAT CAN BE HOMELY GROWN. LOOK AT THE NORTH, EAST, WEST AND SOUTH FERTILE LANDS. GHANA IMPORTS MORE EXPORT WHICH DOESN’T MAKE SENSE AND IS BEEN GOING ON FOR MANY DECADES.