Gold, Forex and the Price of Ghana’s Domestic Gold Purchase Program
The challenge now is to ensure that Ghana does not merely buy more gold but buys it through a system that is efficient.
Kwame Baah Kyzzfmonline
Topic
The challenge now is to ensure that Ghana does not merely buy more gold but buys it through a system that is efficient.
A key concern, he says, is the gap between the Bank of Ghana’s official exchange rate and the parallel-market rate.
businessThe latest appreciation comes amid improving conditions in the foreign exchange market.
politicsDespite the strong demand, the government accepted approximately GH¢4.88 billion of the bids submitted.
business
business