Latest news with #Bank of Ghana
Bloomberg
3 days ago
- Business
- Bloomberg
Ghana Delays Rate Announcement After Calling Emergency Meeting
Investors look to a central bank for predictability in unpredictable times, but that's not what they just got from the Bank of Ghana. It unexpectedly advanced a gathering of the monetary policy committee and declared it would hold an emergency meeting on Thursday — with an announcement of the outcome on Friday — and then changed its mind.
Bloomberg
6 days ago
- Business
- Bloomberg
Ghana Moves to Hedge Gold Price to Preserve Build-Up of Reserves
Ghana is working on a program to hedge the price of gold exports as it seeks to shield earnings that have bolstered the central bank's foreign reserves from future volatility, Governor of the Bank of Ghana Johnson Asiama said. Increased production and higher prices have helped Africa's top gold miner to boost gross international reserves to $11.1 billion, Asiama said in the capital, Accra on Tuesday. The buffer is enough to cover 4.8 months of imports, he said.
