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Tag: Gold Purchase programme

A section of Ghanaians has taken to social media to criticise the Minister for Foreign Affairs, Samuel Okudzeto Ablakwa, over what they describe as inconsistent positions regarding the use of the presidential jet. The backlash follows renewed...
Former Defence Minister Dominic Nitiwul has raised concerns over the timing of the government’s decision to significantly expand recruitment into Ghana’s security services, questioning why the move was not implemented earlier if the capacity existed. Mr. Nitiwul...

Kenya, Nigeria Copy Bawumia’s Gold Reserves Initiative.

Nigeria and Kenya have become the latest African countries to adopt a gold-purchasing strategy pioneered by Dr. Mahamudu Bawumia, as central banks across the...

Bawumia’s Gold Purchasing Scheme Rescues Ghana’s Economy

The Bank of Ghana (BoG) has announced that it will begin foreign exchange (FX) intermediation under its Domestic Gold Purchase Programme (DGPP) this month,...

BoG Doubles Gold Reserves in Five Months Thanks To Bawumia’s Domestic Gold Purchase Programme

The Bank of Ghana (BoG) has doubled its gold reserves in just five months since June 2021, thanks to its Domestic Gold Purchase Programme,...

BoG’s Gold Purchase Programme Boosts Cedi Stability, Improves Ghana’s Credit Rating – First Deputy Governor

The First Deputy Governor of the Bank of Ghana (BoG), Dr. Zakari Mumuni, has credited the Central Bank’s Gold Purchase Programme with playing a...

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