Ghana loses $200m on foreign reserves

Ghana’s foreign reserves fell short of $200 million by the end of April 2013, according to the central bank.

The country’s gross international reserves reduced to $5.2 billion at the end of April 2013 from $5.4 billion as at the end of December 2012, the Bank of Ghana Monetary Policy Committee (MPC) reported late May 2013.

The BoG indicated the current reserves is equivalent to 2.9 months of import cover.

By Ekow Quandzie