The Minority in Parliament has raised concerns over a reported decline in Ghana’s gross international reserves, demanding clarity from the Bank of Ghana (BoG) on whether about $2 billion was used for foreign exchange market interventions.
The Member of Parliament for Okaikwei Central, Patrick Boamah, said information available to the Minority indicates that the country’s gross reserves reduced from $14.2 billion at the end of the first quarter of 2026 to about $12 billion by the end of June.
Speaking to journalists on Wednesday, July 15, 2026, the MP referenced the Bank of Ghana’s Monetary Policy Committee (MPC) report for May 2026, which showed the level of reserves at the end of the first quarter.
“Information to us, gathered by the caucus, is that as at the end of June 2026, this has dropped to $12 billion.”he said
Boamah called on the Governor of the Bank of Ghana to confirm whether the decline was linked to measures taken by the central bank to support the cedi amid foreign exchange pressures.
“We want to find out from the Governor or we are asking him to confirm whether he used the $2 billion for market interventions,” he added.
