Ghana increases foreign reserves to $5.8b in August 2013

Ghana pushed its foreign reserves up to $5.8 billion as gross rate in August 2013, the central bank has said.

The current reserves have 3.2 months of import cover, according to the Bank of Ghana (BoG).

Ghana’s foreign reserves were at a stock position of $5.3 billion (3 months of import cover) at the end of December 2012, said the BoG.

By Ekow Quandzie