mining companies agree to sell gold to increase the country’s foreign exchange reserves

Par :| Key words : ghana-gold-reserve
French.china.org.cn| Updated on 25-09-2022

Mining companies in Ghana have pledged to sell at least 125,000 ounces of gold to Ghana’s central bank in the last quarter of this year to boost the country’s foreign exchange reserves, according to a statement released by the Chamber of Mines on Saturday. from Ghana.

According to the statement, the gold sales will take place under the Bank of Ghana’s domestic gold purchase program amid the country’s weakening foreign exchange position.

The Bank of Ghana will buy part of the gold production from all gold mining companies at the world market price but will pay for them in Ghanaian currency, according to the statement, adding that this arrangement aims to increase Ghana’s foreign exchange reserves in over time and strengthen its balance of payments position.

“As a good corporate citizen, the chamber supports the program, and it will be mutually beneficial for all stakeholders,” said Joshua Mortoti, president of the chamber.

Ghana is currently Africa’s second largest gold producer with 2.8 million ounces of gold in 2021. F

<!–enpproperty 784367942022-09-25 04:48:48:795Ghana-or-réserve10027176468ActualitéActualitéhttp://french.china.org.cn/foreign/txt/2022-09/25/content_78436794.htmnullAgence de presse XinhuaLes sociétés minières du Ghana se sont engagées à vendre au moins 125.000 onces d’or à la banque centrale du Ghana au cours du dernier trimestre de cette année pour augmenter les réserves de change du pays, selon un communiqué publié samedi par la Chambre des mines du Ghana.1/enpproperty–>

Follow China.org.cn on

Twitter
et Facebook to join the conversation.