Audio By Carbonatix
The Bank of Ghana will soon start purchasing gold from the local market to help shore up its reserves.
This will happen after it launches the domestic gold purchase programme a few hours from now.
The initiative will help the Central Bank increase its reserves that are held in gold.
The Governor of the Bank of Ghana, Dr. Ernest Addison, last year announced that a decision has been taken to increase the country’s reserves.
Joy Business is learning that the Central Bank reserves had been held in different investment instruments, and therefore this move is seen as historic.
More soon………
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Latest Stories
-
Ga South MCE says illegal Amanfrom waste dump operators are being prosecuted
3 minutes -
Audit flags irregularities in Heal Komfo Anokye Project amid dispute over control of funds
4 minutes -
Presidency explains 148% compensation jump, cites arrears, ex gratia and staffing changes
23 minutes -
GES interdicts Bole SHS teacher over alleged sexual misconduct with student
42 minutes -
Six Ghanaian students at Loughborough University protest unpaid government scholarship funding
44 minutes -
Agotime-Ziope traditional leaders honour health minister for advancing healthcare delivery
44 minutes -
COCOBOD CEO calls for greater trust, unity in Ghana–Côte d’Ivoire cocoa partnership
54 minutes -
Mahama expected in Abidjan for high-level cocoa summit with Côte d’Ivoire
1 hour -
Today’s Front pages: Tuesday, June 16, 2026
1 hour -
Africa has right policies for Agri-Food Systems transformation but lacks capacity to implement them
2 hours -
Fuel prices fall as some OMCs cuts petrol to GH¢13.87 per litre
2 hours -
Japan raises interest rate to highest since 1995
2 hours -
€106m water project moves closer as GWCL begins stakeholder consultations in Savannah Region
2 hours -
India blocks Telegram messaging app until June 22, government says
3 hours -
Cocoa farmers spared another blow as gov’t rejects price cut despite global slump – COCOBOD
3 hours