Ghana news briefing
GoldBod is the best we’ve done with our gold resources yet – Kofi Bentil
Mr Bentil explained that, under the previous arrangement, the Bank of Ghana was responsible for trading gold through GoldBod, with the resulting gains or losses ultimately reflected on the central bank's balance sheet.
According to Mr Bentil, concerns over that structure were among the reasons for calls for a different model in which the commercial risks associated with gold trading would be separated from the central bank.
He argued that the structure created problems because the central bank, whose primary responsibilities include monetary and financial stability, was also carrying the risks associated with commercial gold trading.
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