Ghana news briefing
Ghana’s gold-driven economic gains could vanish within months – Prof Bokpin
Prof Bokpin called for rigorous stress testing and sensitivity analysis to determine how Ghana’s economy, particularly its foreign exchange position and reserves, would withstand a significant decline in global gold prices.
Professor of Finance and economist at the University of Ghana Business School (UGBS), Godfred Bokpin, has warned that Ghana’s recent gold-driven economic gains could be wiped out within months if global gold prices experience a sharp decline.
He noted that commodity prices have historically undergone sharp corrections after periods of strong growth, cautioning policymakers against treating the current gold boom as evidence of lasting economic stability.
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