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Precious metals: 7.70 tons added to BoG's gold reserves, a performance expected by the end of 2023

21/07/2023
Source : ORISHAS FINANCE
Categories: Raw materials

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The Governor of the Bank of Ghana (BoG), Dr Ernest Addison announced at the 4th edition of the Ghana Mining Expo on July 15, 2023 in Takoradi, that the BoG has added 7.70 tons to the country's gold reserves at the end of June 2023 and plans to do more by the end of the year.

The governor of the Bank of Ghana (BoG) noted that increasing gold reserves helps diversify reserve assets and contributes to improving the risk-adjusted returns of the reserve portfolio. For him, regarding the sources of gold in the reserve, mining companies contributed about 80% and the remaining 20% came from the artisanal and small-scale mining sector via an approved aggregator

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A en croire les sources locales, les 7 , 70 tons of gold could be valued at over 485 million dollars. His addition brings the country's total gold reserves to 16.47 tons

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