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Precious metals: Ghana succeeds in doubling its Central Bank's gold reserves

22/05/2023
Source : ORISHAS FINANCE
Categories: Raw materials

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Ghana, the largest African gold producer, in its intention to improve its global position with respect to gold at the central bank level, has put forward an economic policy on gold bullion purchases. Indeed, he managed to double his precious metal possessions at the end of 2022.

Figures from Cedi's issuing institution indicate that during 2022, Ghana recorded a significant increase in its Central Bank's gold reserves. Thus, for the year, they reached 14 tons at the end of 2022 compared with nearly 8 tons between 1980 and 2021. This strong increase is due to the prospective decision of the Ghanaian authorities to double gold reserves. Indeed, the country has paradoxically positioned itself quite far in the rankings of countries with the largest gold reserves at the central bank level

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