Ghana: Foreign exchange reserves
* indicates monthly or quarterly data series
The most recent value is 5.03 billion U.S. Dollar as of January 2024, an increase compared to the previous value of 4.46 billion U.S. Dollar. Historically, the average for Ghana from January 2000 to January 2024 is 4.06 billion U.S. Dollar. The minimum of 0.2 billion U.S. Dollar was recorded in May 2001, while the maximum of 11.59 billion U.S. Dollar was reached in August 2021.
Click on the following link to see the values of: Foreign exchange reserves around the world.
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* indicates monthly or quarterly data series
- Measure: billion U.S. Dollar
- Source: International Monetary Fund (IMF)
Recent values | Ghana: Foreign exchange reserves, billion currency units |
---|---|
2024  Jan | 5.03 |
2023  Dec | 4.46 |
2023  Nov | 3.6 |
2023  Oct | 3.81 |
2023  Sep | 3.45 |
2023  Aug | 3.69 |
2023  Jul | 3.97 |
2023  Jun | 4.14 |
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Definition: Foreign exchange reserves consist of foreign currency, deposits denominated in foreign
currency, Monetary Gold, Special Drawing Rights (SDRs) and Reserve position in the
International Monetary Fund (IMF). Foreign exchange reserves are held by monetary authorities
to finance trade imbalances, check the impact of foreign exchange fluctuations and address
other issues under the purview of the central bank.
Related indicators | Latest | Reference | Measure |
---|---|---|---|
Terms of trade | 122.89 | 2021 | percent |
Trade openness | 69.04 | 2023 | percent |
Financial openness | -1.931 | 2021 | index points |
Exports, percent of GDP | 34.04 | 2023 | percent |
Exports, billion dollars | 25.99 | 2023 | billion U.S. dollars |
Growth of exports | 0.13 | 2023 | percent |
Imports, percent of GDP | 35.00 | 2023 | percent |
Imports, billion dollars | 26.73 | 2023 | billion U.S. dollars |
Foreign Direct Investment, percent of GDP | 1.73 | 2023 | percent |
Foreign Direct Investment, billion dollars | 1.51 | 2022 | billion U.S. dollars |
Portfolio investment inflows, equities | 0.00 | 2022 | million dollars (current) |
Current account, percent of GDP | -1.70 | 2023 | percent |
Current account, in dollars | -1.52 | 2022 | billion U.S. dollars |
Trade balance, percent of GDP | -0.96 | 2023 | percent |
Trade balance, in dollars | -0.58 | 2022 | billion U.S. dollars |
Reserves | 3.62 | 2023 | billion U.S. dollars |
Remittances, percent of GDP | 6.41 | 2023 | percent |
Remittances | 4,892.65 | 2023 | million U.S. dollars |
Net errors and omissions | 18.69 | 2022 | million USD |
External debt | 61.43 | 2022 | percent |
Short-term external debt | 11.56 | 2022 | percent |
Short-term debt to reserves | 51.85 | 2021 | percent |
Foreign exchange reserves | 5.03 | 1/2024 | billion |