“We note that the FX [foreign exchange] reserve buffer remains below the 5.7-months cover attained in March 2026 and the 4.6-months cover in August 2025 amid the higher import prices and rising seasonal import demand. The Committee’s call to rebuild reserves as a key priority in the coming months raises two possibilities in our view. (1) intensify GOLDBOD exports and/or (2) accommodate a slightly more depreciation of the Cedi”, it stated in an article “Ghana MPC Update: A Narrowing Policy Space”.
