Tag: gold reserves
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Uganda Central Bank Launches Gold Buying Drive Starting This Month
Uganda's central bank has confirmed it will begin purchasing domestically produced gold this month, becoming the latest African nation to move toward building up...
Gold Flows and IMF Backing Anchor Cedi’s Moderate 2026 Outlook
Databank Research expects the Ghana cedi to hold relatively steady through 2026, projecting a year-end depreciation of 7.20 percent against the US dollar and...
Ghana’s Gold Reserve Bet Aligns With a Global Central Bank Rush
Ghana's decision to anchor its reserve accumulation strategy around gold arrives at a moment when the world's central banks are collectively executing the most...
BoG Defends 22-Tonne Gold Divestment as Strategic Rebalancing, Not Asset Loss
The Bank of Ghana (BoG) has clarified that the sharp decline in the country's gold reserves from a peak of 38 tonnes in October...
Gold Reserve Decline Has Not Weakened Cedi, Says Jackson
Financial analyst Joe Jackson has argued that recent declines in Ghana's gold reserves have not resulted in corresponding depreciation of the local currency, contrary...
