‘Gold Purchasing Programme’

BoG Purchases Gold Worth $700m In Reserves As Part Of ‘Gold Purchasing Programme

BoG Purchases Gold Worth $700m In Reserves As Part Of ‘Gold Purchasing Programme

The Bank of Ghana has up to date purchased gold worth about $700 million in reserves as part of its ‘Gold Purchasing Programme’. According to the Governor of the Bank of Ghana, Dr. Ernest Addison, the domestic ‘Gold Purchasing Programme’ has been very strong in helping to stabilise the economy. “The domestic Gold Purchasing Programme has been very innovative and has been very strong in helping stabilise the economy, and has been very strong in helping to keep the exchange rate stable”. On the year-to-date basis, we have to the tune of over $700 million for reserves which is gold…
Read More