The First Deputy Governor of the Bank of Ghana (BoG) has revealed that the Domestic Gold Purchase Programme has helped BoG to increase its gold reserves by 100% within the past five months since June 2021. Dr. Zakari Mumuni noted that the sharp increase came at a time when the Bank of Ghana’s reserves stood […]
Former Finance Minister Dr. Mohammed Amin Adam has accused the Bank of Ghana (BoG) of printing money to pre-finance the newly established Ghana Gold Board (GoldBod). According to Dr. Amin Adam, this occurred because the government failed to raise sufficient revenue to honour budgeted allocations. Under the 2025 budget, the government allocated US$279 million to […]
Felix Kwakye Ofosu, the Minister for Government Communications, has announced a significant boost to the Ghanaian economy, revealing that more than US$3 billion has been funneled into the country within four months of the strategic Gold Board initiative. “In the last four months, over $3 billion has entered our economy in addition to the expected inflow,” […]
President John Mahama has disclosed that the establishment of the Ghana Gold Board (GoldBod) has sanitised the gold trading and export business, raking in $2.7 billion in the short span of its operations. He added that the GoldBod has also strengthened the oversight responsibility in the export of the precious mineral, ensuring that Ghana benefits […]
Ghana has reached a deal with nine more mining companies to purchase 20% of their gold production, a government body said on Wednesday, aiming to consolidate a gold purchase programme meant to boost the country’s gold reserves and stabilise its currency. Africa’s top gold producer signed an agreement with members of an industry group that included Gold […]
