Ghana Requires 30% Gold Mine Output For Local Refineries

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Published: 21 hours ago

Ghana mandates large-scale gold mines sell at least 30% of annual output to the central bank for local refining to boost foreign-exchange reserves. This policy aims to increase domestic gold processing capacity. The move could strengthen GHS by improving Ghana's forex reserves and reducing gold export outflows. Traders should monitor USD/GHS for potential volatility as this policy may affect Ghana's trade balance and currency stability.

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