The public authority has begun carrying out a strategy that gives the Bank of Ghana (BoG) the option to buy any measure of gold mined in Ghana, the Vice-President, Dr. Mahamudu Bawumia, has revealed.
After the national bank had bought the gold at world market costs, the mining organizations could send out the rest, added. “At last, when we gather sufficient gold, future getting and our money can be upheld by gold.
This will balance out the cedi long haul,” Dr. Bawumia expressed when he sent off two new significant level data innovation programs at the Accra Business School at Baatsona, Thursday evening (July 14, 2022).
The Vice-President said the principal right of refusal given the BoG to buy gold mined in the nation was supported by regulation to extend the gold buy program the BoG began to develop the nation’s stores.
He was making sense of the reasons that constrained the country into chaos with the International Monetary Fund (IMF) and measures illustrated to change the economy to make it versatile to endure shocks.
