The Bank of Ghana (BoG) has confirmed that it has injected about US$10 billion into the economy since 2025 as part of efforts to stabilise the exchange rate and strengthen the country’s foreign reserves.
According to the Central Bank, the intervention largely involved payments to Independent Power Producers (IPPs) and bondholders, forming part of a broader strategy to support the foreign exchange market.
The disclosure was made during a sitting of Parliament’s Public Accounts Committee on Monday, January 12, by the Head of Financial Markets at the BoG, Nii Sowah Ahorlu, and the Governor, Dr Johnson Asiama.
Mr Ahorlu explained that increased market intermediation has contributed to recent currency stability and appreciation.
“Compared to last year, we have undertaken significant intermediation processes, which have reflected in the stability and appreciation we have seen. Overall, our support for the market this year has been close to US$10 billion,” he said.
The revelation comes amid heightened scrutiny of the BoG’s foreign exchange interventions, with stakeholders seeking reassurance that the measures are effectively supporting economic stability.
