Ghana’s international reserves increase to $14.5b as of February 2026 – Majority Caucus discloses.
The Majority Caucus in Parliament has commended the Bank of Ghana for working hard to increase Ghana’s international reserves from $9.1 billion in 2024 to $14.5 billion as of February 2026.
The Caucus said $14.5 billion was an increase from the $13.8 billion the bank recorded as of the end of 2025.
“This is the highest reserves Ghana has ever recorded in history,” the Caucus said.
Cheaper loans
Addressing the press in Parliament last Thursday, a member of the Finance Committee, Atta Issah, said the policy rate had been cut from 27 per cent as of the end of 2024 to 14 per cent as of March 2026.
“The average lending rates have followed it down from 30.2 per cent to 17.7 per cent.”
“That means cheaper loans for the small business owner trying to expand, the farmer buying inputs, the trader who borrows to stock her shop, and the young couple buying their first home,” he said.
The commendation followed the Bank of Ghana’s release of its financial statements for 2025 today.
Fallen public debt
Mr Issah, who is the member of Parliament for Sagnarigu, said Ghana’s public debt had fallen from 62.5 per cent of GDP to 45 per cent as part of the broader stabilisation effort of the BoG and the Ministry of Finance.
He said the economy grew by six per cent in 2025 against a projected four per cent in 2025.
“Reserves would have fallen further, and lending rates would have risen above 30 per cent.
All these would have occurred within a global environment marked by war, trade tariffs reshaping the international ecosystem, and capital flight from emerging markets.
While other economies in our region and beyond continue to struggle with these pressures, Ghana remains resilient and largely unaffected,” he said.
He said those outcomes did not occur by accident but were the result of deliberate policy actions, which had financial implications for the BoG.
“The Bank of Ghana had to absorb the cost, but the country, you and I, are all benefiting from that,” he said.
Fallen inflation
The BoG reported a net cost or loss for 2025 of GH₵15.6 billion compared to a loss of GH₵9.4 billion in 2024.
Other comprehensive income recorded a charge of GH₵19.32 billion, reflecting the impact of a stronger cedi on the cedi value of the bank’s foreign reserves.
The net equity position of the bank stood at negative GH₵61.3 billion as at the end of 2024, down from a positive GH₵1.2 billion compared to a negative equity of GH₵35 billion as at the end of 2025.
