Ghana’s central bank is seeking to increase the share of gold purchased from industrial miners from 20% to 30% as part of a broader effort to strengthen foreign reserves and stabilize the economy. The expanded program aims to help Ghana accumulate up to 157 metric tons of gold by 2028, equivalent to roughly 15 months of import cover. Gold reserves have already risen to 19.2 metric tons, supporting the recovery of the Ghanaian cedi after the country’s recent economic crisis. Central bank official Paul Bleboo said all gold would be delivered in doré form to improve traceability. However, miners say key commercial terms remain unresolved, particularly around pricing, discounts, and the valuation of by-products such as silver.
CNBC Africa
