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Mid-Year Budget Review: International reserves increase to 3.1 months of imports as of end June 2024

Ghana's economy is demonstrating promising signs of recovery and growth, as highlighted in the mid-year budget review presented by Finance Minister Dr. Mohammed Amin Adam on Tuesday.

Addressing Parliament he stated key achievements and outlined government's plans for the remainder of the year.

Dr Amin Adam acknowledged global economic challenges but expressed confidence in Ghana's economic trajectory.

One of the most notable achievements mentioned in the review is the increase in international reserves.

The Minister announced that Ghana's international reserves have improved significantly, now standing at 3.1 months of import cover, which marks a substantial recovery and provides a stronger buffer against external shocks.

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