Ghana’s foreign exchange inflows minimized in 2020 by over 3%
The 2020 Auditor General’s report has stated that Ghana’s Foreign Exchange inflows for 2020 were over US$12.1billion (US$12,181.83 million) compared to US$12.6billion (US$12,625 million) for the corresponding period of 2019.
The figure signifies a decline of US$444.14 million or 3.5 percent.
Per the report, outflows for 2020 totaled US$11,690.23 million compared to US$10,946.03 million for 2019, signifying an increase of US$ 744.20 million or 6.80 percent.
The report also stated that BOG’s foreign exchange inflows for 2020 were derived from cocoa, capital and invisible receipts.
These summed up to US$12.181.83 million compared to US$12.625.97 million for 2019, a decrease of US$444.14 million or 3.52 percent.
This figure was as a result of a downward movement in cocoa and invisible receipts, the report noted.
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