Dr Cassiel Ato Forson, the Finance Minister, has stated that in just six months, the John Mahama-led government have added $2.14 billion to Ghana’s gross international reserves.
Ato Forson revealed that the $2.14 billion added to the gross international reserves has been done without external borrowing.
According to Ato Forson, the development is a major economic milestone led by fiscal management and domestic efforts.
Speaking during the presentation of the 2025 Mid-Year Budget Review in Parliament on Thursday, July 24, 2025, Dr Ato Forson stated, “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”.
Dr. Forson announced that Ghana’s gross international reserves stood at” $11.12 billion by the end of June 2025, covering 4.8 months of imports. This marks a significant increase from the $8.98 billion recorded in December 2024, which covered four months of imports”.
“This is not just a number. It is a signal that confidence is returning to our economy and that the steps we are taking are working,” he emphasised.
Dr Cassiel Ato Forson, the finance minister, further declared that the Ghanaian cedi has picked and is no longer depreciating.
According to Ato Forson, in the Ghanaian local language, he stated “cedi no apicki”.
The finance minister noted that the cedi’s appreciation is already contributing to price stability.
Dr Ato Forson added, “This performance reflects the positive impact of sound fiscal and monetary policies, growth in gold and cocoa exports, and steady remittance flows,” he told Parliament.
Ato Forson further assured Ghanaians that the gains made will be sustained.
“We will continue to implement prudent policies to preserve the value of our currency, reduce inflation, and ensure economic stability for all,” Dr Forson added.
He, however, blamed the former Akufo-Addo administration for causing economic hardship with the Domestic Debt Exchange Programme (DDEP).
“Mismanagement of our public finances by the previous administration led to devastating haircuts through the Domestic Debt Exchange Programme (DDEP), which denied pensioners and the middle class their lifetime savings, livelihoods and dignity,” he told the House.
