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BoG not pre-financing GoldBod — Sammy Gyamfi
He explained that the arrangement does not amount to the depletion of Ghana’s foreign exchange reserves, arguing that the BoG receives cedis from gold transactions and provides the equivalent value in foreign currency.
The Chief Executive Officer of the Ghana Gold Board (GoldBod), Sammy Gyamfi, has rejected claims that the Bank of Ghana (BoG) is pre-financing GoldBod’s gold purchases, saying the central bank is instead converting cedi proceeds into foreign exchange for gold sellers.” DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
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BoG no longer raises funds for GoldBod as intermediary – Sammy Gyamfi
No one can claim GoldBod has made a loss, not even IMF – Sammy Gyamfi
We are managing GoldBod with modesty and prudence — Sammy Gyamfi
None of my bodyguards is involved in gold trading – Sammy Gyamfi
Domestic Gold Purchase Programme was well-intended, but not well implemented – Sammy Gyamfi
GANRAP will build reserves to cushion Ghana against future shocks — Sammy Gyamfi
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