GoldBod’s $1.87 Billion Boost Opens a Path Beyond IMF Bailouts – Institute of Fiscal Policy Research

From mineral wealth to economic protection Ghana’s gold wealth becomes more valuable to the wider economy when it translates into accessible foreign exchange and stronger national reserves.871 billion in foreign exchange in a single month, delivering a substantial boost to Ghana’s economic resilience and strengthening the prospect of a future with less dependence on emergency external support.5 billion foreign exchange target for October, with US$1 billion earmarked for commercial banks and up to US$500 million for the Bank of Ghana’s reserve accumulation.