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BoG, GoldBod finalising new financing model to reduce pressure on central bank balance sheet

By GhanaSummary Newsroom1 min read
BoG, GoldBod finalising new financing model to reduce pressure on central bank balance sheet

The Bank of Ghana (BoG) and the Ghana Gold Board (GoldBod) are finalising a new financing arrangement aimed at supporting the country's gold purchasing programme while reducing pressure on the central bank's balance sheet.

The comments suggest the central bank is seeking a more sustainable funding model for GoldBod's operations as Ghana expands its domestic gold purchasing programme.

According to the Governor, regardless of the financing option eventually adopted, the Bank of Ghana will continue to play a role in supporting the country's gold accumulation programme.

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