Responsible Gold Sourcing Programme

The Bank of Ghana (BoG) has recognized gold as a vital strategic reserve asset with a significant impact on economic growth. However, the Central Bank stresses the importance of responsible gold mining to maximize its benefits while minimizing environmental damage. To address this, the BoG has launched the Responsible Sourcing Programme, designed to promote ethical gold procurement. This framework includes the Domestic Gold Purchase Programme (DGPP), which outlines the processes, Know Your Customer (KYC) and due diligence requirements, supply chain transparency, and risk management. The DGPP operates through two main channels: Gold for Reserves and Gold for Oil. With strict…