Ghana Moves to Hedge Gold Price to Preserve Build-Up of Reserves
7 Articles
7 Articles
Ghana sees economic recovery backed by policy coordination: central bank
ACCRA, July 15 (Xinhua) -- Bank of Ghana Governor Johnson Asiama said Tuesday that the country's economy has been recovering, thanks to synchronized policy implementation between the central bank and the Ministry of Finance. Read full story
Ghana Moves to Hedge Gold Price to Preserve Build-Up of Reserves
Ghana is working on a program to hedge the price of gold exports as it seeks to shield earnings that have bolstered the central bank’s foreign reserves from future volatility, Governor of the Bank of Ghana Johnson Asiama said.
Ghana Exports Surge 60% as Trade Surplus Hits US$4.14 Billion
Exports Ghana’s exports grew by over 60% year-on-year in the first four months of 2025, driving a $4.14 billion trade surplus, Bank of Ghana Governor Dr. Johnson P. Asiama announced today. The rebound, fueled by gold, cocoa, and oil shipments, boosted gross international reserves to $11.1 billion—equivalent to 4.8 months of import cover—up from $8.98 […] The post Ghana Exports Surge 60% as Trade Surplus Hits US$4.14 Billion appeared first on Gha…
BoG eyes stronger currency forecasting
By Joshua Worlasi AMLANU The Bank of Ghana is seeking to strengthen its currency forecasting and management systems, amid rising demand for physical cash and parallel growth of digital payments. Speaking on behalf of Governor Dr. Johnson Pandit Asiama at the West African Institute for Financial and Economic Management (WAIFEM) workshop on currency management opening, Mr. Dominic Owusu, Director-Currency Department, said the central bank is prior…
Bank of Ghana Sells US$1.4bn Forex Amid Cedi Rally
News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/bank-of-ghana-sells-us1-4bn-forex-amid-cedi-rally/The Bank of Ghana (BoG) sold $1.4 billion in foreign exchange during Q1 2025, accelerating efforts to stabilize the currency, per the International Monetary Fund’s latest review. This intervention already surpassing 2023’s full-year total propelled the cedi to become the world’s top-performing currency…
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