Ghana must use gold to reduce overdependence on dollar – Gideon Boako

“By channelling domestically produced gold into reserves, countries reduce external borrowing costs, dampen currency crises and retain value onshore,” he said.

Dr Boako said Ghana’s position as a major gold-producing country gives it an opportunity to convert part of its natural-resource wealth into a strategic reserve asset.

According to him, Ghana’s gold strategy should therefore go beyond traditional mining and export activities and focus on retaining greater value from the country’s gold within the domestic economy.