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Ghana’s central bank will prioritise rebuilding foreign exchange reserves in the coming months as it navigates a weaker current account, declining reserves and a pause in gold exports by state buyer GoldBod since August, Governor Johnson Asiama said on Wednesday. Speaking at the start of the Monetary Policy Committee meeting, Asiama said policymakers would need to balance generally positive domestic conditions against an increasingly uncertain global backdrop shaped by the Middle East conflict and rising oil prices.
