30-07-2025
Ghana, Tanzania, Uganda FX Reserves Most at Risk if Gold Slumps, BMI Says
Ghana, Tanzania and Uganda face the highest risk in Africa of a plunge in their foreign-exchange holdings if gold prices fall suddenly, potentially putting renewed pressure on their currencies.
The three countries already rely on bullion for a significant share of their export receipts, as much as 45% in Ghana's case, 42% in Tanzania's and 35% in Uganda's, according to Fitch Solutions ' BMI unit.
