Although higher global oil prices have increased the nation’s import bill, Ghana continues to maintain strong foreign exchange reserves of about $12.9 billion, Dr Johnson Pandit Asiama, the Governor of the Bank of Ghana (BoG) has said. “These reserves give us a strong buffer against external shocks and help the Bank of Ghana support stability in the foreign exchange market,” Dr Asiama. It was attended by entrepreneurs, businesses and traders as well as trade associations and other actors in the private sector. “At the same time, it gives us the flexibility to respond to changes in the global economy if necessary”. He added that although inflation increased slightly from 3.7 percent in May to 5.3 percent in June, this year, it was still below the BoG’s target range.