Business

Resource Centre » Business » BoG buys first gold in 60 years: Plans to purchase 540kg with GHC200m in 2021

BoG buys first gold in 60 years: Plans to purchase 540kg with GHC200m in 2021


BoG buys first gold in 60 years: Plans to purchase 540kg with GHC200m in 2021

October 1, 2021 at 8:00 AM

For the first time in about 60 years, the Bank of Ghana (BoG) has purchased gold to augment its gold reserves and shore up the country’s foreign assets.The bank bought 280 kilogrammes of the precious metal this year under a historic gold purchase programme meant to double its gold reserves and supplement the traditional ways that the country has built reserves over the years.

Read more


Advantage Points