Ghana news briefing
BoG not pre-financing GoldBod — Sammy Gyamfi
He explained that the arrangement does not amount to the depletion of Ghana’s foreign exchange reserves, arguing that the BoG receives cedis from gold transactions and provides the equivalent value in foreign currency.
The Chief Executive Officer of the Ghana Gold Board (GoldBod), Sammy Gyamfi, has rejected claims that the Bank of Ghana (BoG) is pre-financing GoldBod’s gold purchases, saying the central bank is instead converting cedi proceeds into foreign exchange for gold sellers.” 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.
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