The estimate for import cover assumes an extreme case of no export earnings. India's forex reserves fell to $289.15 billion as of August 3 from $311.5 billion at the end of September.

President John Mahama President John Mahama has revealed that Ghana’s international reserves has now increased to six months of import cover with the president expressing optimism that this ...

Background The Bank of Ghana in its May Financial and Economic data revealed that the country’s international reserves stood at 4.7 months of Import cover, translating into the US $10.6 billion.

The Central Bank of Kenya (CBK) in its weekly statistical bulletin says that reusable foreign exchange reserves are now at 3.94 months of import cover, slipping to a new low from last week’s 3.98.