BoG acknowledges impact of Bawumia's gold purchasing initiative

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Kofi 8 months ago

BOG has always bought gold right from Nkrumah so it has never been the initiative of that Sisifia offbeat dancing deceptive liar of a PhD holder. Such nonsense.

BOG has always bought gold right from Nkrumah so it has never been the initiative of that Sisifia offbeat dancing deceptive liar of a PhD holder. Such nonsense.
Kwaseato 8 months ago

How much reserves has Ghana had since Nkrumah's time

How much reserves has Ghana had since Nkrumah's time
Obk 8 months ago

Look at you. You see how politics is blinding you,
?

Look at you. You see how politics is blinding you,
?
Oprege 8 months ago

Another NDC Bawumiah hating nuts

Another NDC Bawumiah hating nuts
*1ws 8 months ago

Z
,
A.

Z
,
A.
Kobina Sey 8 months ago

Kofi, since your Nkrumah time to the year 2022 we had only 8 tonnes. Yes we have been buying gold since Nkrumah. So 8 tonnes in 65 years against 22 tonnes in just two years and you are not giving credit to the man who insiste ...
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Kofi, since your Nkrumah time to the year 2022 we had only 8 tonnes. Yes we have been buying gold since Nkrumah. So 8 tonnes in 65 years against 22 tonnes in just two years and you are not giving credit to the man who insisted BOG ramps on this gold purchase arrangement. Why hate Dr Bawumia that much. Try and be objective. Politics wont give your anything.
Dread 8 months ago

Abrantie , no HATE on his part.
And don't claimed that since Nkrumah's time.
After the overthrow of his Merciful Osagyefo Kwame Nkrumah had more than 200 tonnes in reserved for mother Ghana. Then is why propaganda sta ...
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Abrantie , no HATE on his part.
And don't claimed that since Nkrumah's time.
After the overthrow of his Merciful Osagyefo Kwame Nkrumah had more than 200 tonnes in reserved for mother Ghana. Then is why propaganda started within within the military ranks of lies propagated by then opposition U . P guys that Nkrumah has sold all our Gold to Fatia home country, which was one of the main reason Nkrumah was hated by people like you.
Nkrumah never dies !
Francis Bannor-Anin 8 months ago

Gyimii. Why then has the NDC govt established the goldbod if it started from Nkrumah? Was the Goldbod there during Mahama's first term? And why has he established the Goldbod now after Bawumia has talked about the need to u ...
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Gyimii. Why then has the NDC govt established the goldbod if it started from Nkrumah? Was the Goldbod there during Mahama's first term? And why has he established the Goldbod now after Bawumia has talked about the need to use gpld to bolster the cedi stability?
Enock 8 months ago

Bogus analysis,, if purchasing of gold is what could stabilize the Cedi, why was the cedi still depreciating till NPP was kicked out of power?

Bogus analysis,, if purchasing of gold is what could stabilize the Cedi, why was the cedi still depreciating till NPP was kicked out of power?
Odwanfunu 8 months ago

Had it not being the mindless trade war Trump is engaging in to try to bully and rob other countries, the Ghana cedi will be nowhere where it is now

Had it not being the mindless trade war Trump is engaging in to try to bully and rob other countries, the Ghana cedi will be nowhere where it is now

Lohedau 8 months ago

Why are other currencies not seen similar appreciation to the dollar. It's not the trade war

Why are other currencies not seen similar appreciation to the dollar. It's not the trade war
Daya 8 months ago

In fact, people should watch Mr Yanis Varoufakis on the Break Point channel interview with him on the trade war Trump as started, he said Trump had deliberately devalued the US dollar to 30%, so by default it the U.S that ha ...
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In fact, people should watch Mr Yanis Varoufakis on the Break Point channel interview with him on the trade war Trump as started, he said Trump had deliberately devalued the US dollar to 30%, so by default it the U.S that has devalued it own currency. In order for us to keep the cedi in it place, we need to export more and import less. An economy that rely on import is going to be in the negative, and we haven't start producing industrially anyway in terms of major industrialization.So this government shouldn't lie about the cedi appreciation as it is they managing the economy better. My people listen to geopolitics, and geo economics, especially Prof Richard Wolfe, Prof Jeffrey Sachs and the rest, you will under how those at the top in the West still influence our economic activities.
Me 8 months ago

Bawumia showed the way, which is acceleration of gold reserves to back the cedi. This gov't has simply ramped up the process through GoldBod to meet the rising prices. I've seen the latest export figures and I'm shocked. The ...
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Bawumia showed the way, which is acceleration of gold reserves to back the cedi. This gov't has simply ramped up the process through GoldBod to meet the rising prices. I've seen the latest export figures and I'm shocked. The Governor knows what's he's saying
Napo 8 months ago

Who are the owners of Ghanaweb? lately their reports are always giving misinformation when you chance to listen to the actual interview, skewing stories towards Bawumia, if you chance on the interview by the Governor, you cou ...
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Who are the owners of Ghanaweb? lately their reports are always giving misinformation when you chance to listen to the actual interview, skewing stories towards Bawumia, if you chance on the interview by the Governor, you could see the distortion. He never mentioned Buwumia in that story.
Ghanaian 8 months ago

Very trye

Very trye
Senga 8 months ago

Ashantis

Ashantis
Abby 8 months ago

But he did credit the gold for oil program and we all know who's brain child that is, so let's give credit where it's due.

But he did credit the gold for oil program and we all know who's brain child that is, so let's give credit where it's due.
Kobina Sey 8 months ago

@NAPO. So tell us what the governor said. The cedi's strength is as a result of several factors including the weakened US dollar, the drop in crude oil prices and our gold reserves. You can rant all day but that is the real8t ...
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@NAPO. So tell us what the governor said. The cedi's strength is as a result of several factors including the weakened US dollar, the drop in crude oil prices and our gold reserves. You can rant all day but that is the real8ty. And remember a continuous drop of the cedi will in the long run affect govt's revenues. Think about it. The cedi will get to its real value in due course when we start paying our foreign creditirs starting 2026
Kk 8 months ago

Bawumia is always a genuis. It is only in a backward country like ours that such a national asset will be denigrated and despised.

Bawumia is always a genuis. It is only in a backward country like ours that such a national asset will be denigrated and despised.
Dordordortidor 8 months ago

Majority of those backward Ghanaians are your tribesmen.

Majority of those backward Ghanaians are your tribesmen.

Latif 8 months ago

Yes, the Maggie cube people

Yes, the Maggie cube people
Opoo man 8 months ago

Everything that's good should be attributed the past government but if it's bad the current government should be blamed isn't it? NONSENSE

Everything that's good should be attributed the past government but if it's bad the current government should be blamed isn't it? NONSENSE
Blaise mwinkyebakangbuobukaraa 8 months ago

This.must be a clueless hovernor to say yhis. Why was the stability not seen under the previous government then nor under the extended stay of the former governor?
Those who sit idle for a blanket to be handed over to them d ...
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This.must be a clueless hovernor to say yhis. Why was the stability not seen under the previous government then nor under the extended stay of the former governor?
Those who sit idle for a blanket to be handed over to them don't know blanket is expensive.
A Gold producing country with only 30 tons gold reserve 8 months ago

Britain which doesn't produce gold has thousands of tons in gold reserve, and so is USA and many Western European countries. Ghana being the largest gold producer in Africa has only 30 tons in gold reserves. That's just menta ...
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Britain which doesn't produce gold has thousands of tons in gold reserve, and so is USA and many Western European countries. Ghana being the largest gold producer in Africa has only 30 tons in gold reserves. That's just mental retardation effect of previous leaders
Sam 8 months ago

Ghanaweb is lying

Ghanaweb is lying
Logoshie 8 months ago

This is a contorted story. Stop misquoting the Bank of Ghana governor. That useless Bawumia has nothing in his head and can never I repeat never done any good that contributed to the stability of our cedi currently because ...
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This is a contorted story. Stop misquoting the Bank of Ghana governor. That useless Bawumia has nothing in his head and can never I repeat never done any good that contributed to the stability of our cedi currently because the bloke is a REAL ass.hole throughout they eight straight years the were in power. Stop twisting stories because Bawumia is an all time moron.
Kojois 8 months ago

Fools ghanaians don't like him reather dead goat. Low iq people

Fools ghanaians don't like him reather dead goat. Low iq people
Jd 8 months ago

You guys shouldn't mind this adamant so called Ghanaweb

You guys shouldn't mind this adamant so called Ghanaweb
Kwesi 8 months ago

Let's give this one to Bawumia even though Trump's action's have lead to the recent high price of gold.

Let's give this one to Bawumia even though Trump's action's have lead to the recent high price of gold.
Nana 8 months ago

Only intelligent minds will understand this.

Only intelligent minds will understand this.

Emmanuel Amoesi Kodwiw 8 months ago

Please, can I get someone here to lecture me about Ghanaweb. Is it for one individual?

Please, can I get someone here to lecture me about Ghanaweb. Is it for one individual?
Nana 8 months ago

This is laughable. Bawumia knows it but he couldn’t do it. Chew and pour economist.

This is laughable. Bawumia knows it but he couldn’t do it. Chew and pour economist.
Western Foreigner 8 months ago

I am investing in Ghana, the government is doing anything to help businesses owners and investors. Its the kalabuli people who just want to loot and make the system harder.
There should come more laws to specifically punish ...
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I am investing in Ghana, the government is doing anything to help businesses owners and investors. Its the kalabuli people who just want to loot and make the system harder.
There should come more laws to specifically punish kalabuli
Qwerty 8 months ago

Lol, wait till the trade deals sre signed and then we can start talking. In GH, after a strange fluke ppl get overly excited.
I remember someone said he had locked up the USD. Wait till it breaks jail… its 19gh to the USD

Lol, wait till the trade deals sre signed and then we can start talking. In GH, after a strange fluke ppl get overly excited.
I remember someone said he had locked up the USD. Wait till it breaks jail… its 19gh to the USD
Hannan 8 months ago

;)) Single women are waiting for you on >> Fun4.top

;)) Single women are waiting for you on >> Fun4.top
Matthew 8 months ago

What's the meaning of Dr bawumia Dr bawumia. He only get the mouth to just talk but he does nothing. Stop mentioning his name.

What's the meaning of Dr bawumia Dr bawumia. He only get the mouth to just talk but he does nothing. Stop mentioning his name.
Samuel 8 months ago

Ghana because of politics is losing her great intellectuals which are causing a great loss to the nation developments. All these intellectuals who are to impart the knowledge they have acquired to help the building of the nat ...
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Ghana because of politics is losing her great intellectuals which are causing a great loss to the nation developments. All these intellectuals who are to impart the knowledge they have acquired to help the building of the nation have been sacked from offices and replaced by low talented Ghanaians. because of politics. People like Bawumia are great assets to the nation and their talents should not lie waste.Today the BOG Governor acknowledges the impact of Bawumia's gold purchasing gold initiatives
Ina 8 months ago

True talk.
Thank you Ghanaweb

True talk.
Thank you Ghanaweb
Ghana man 8 months ago

Dr Baumia is better than John Mahama

Dr Baumia is better than John Mahama
GINGER 8 months ago

Dr. Bawumia a man of great wisdom. Only Ofori-Atta worsened everything.

Dr. Bawumia a man of great wisdom. Only Ofori-Atta worsened everything.
Macgordon Akosenaba 8 months ago

BAWUMIA IS A GENIUS THAT ONLY NEGROES WILL REJECT.
WE REJECTED DR.KWAME NKRUMAH.
2028 IS ON THE WAY. JESUS WOULD HAVE BEEN REJECTED BY NDC. YOU HAD YOUR OWN JESUS CALLED J J RAWLINGS.

BAWUMIA IS A GENIUS THAT ONLY NEGROES WILL REJECT.
WE REJECTED DR.KWAME NKRUMAH.
2028 IS ON THE WAY. JESUS WOULD HAVE BEEN REJECTED BY NDC. YOU HAD YOUR OWN JESUS CALLED J J RAWLINGS.
Ebenezer Ayim 8 months ago

I thought Ghana web is a site for Ghana news but it's like it for NPP communications,I listened to the minister yesterday and he never mentioned Bawumia. The NDC is also doing some reserves and also the government have not cl ...
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I thought Ghana web is a site for Ghana news but it's like it for NPP communications,I listened to the minister yesterday and he never mentioned Bawumia. The NDC is also doing some reserves and also the government have not claimed glory for the appreciation of the cedi. Let put Ghana first and leave these dirty politics.
Abby 8 months ago

The article is talking about the bog governor not the minister. Pls read before commenting

The article is talking about the bog governor not the minister. Pls read before commenting
Achakanapaya 8 months ago

Nonsense. Nonsense again.
Ghanaweb writer's are Idiot's and stomach Journalist.
Bawulair Timothy have nothing to offer here nonsense.

Nonsense. Nonsense again.
Ghanaweb writer's are Idiot's and stomach Journalist.
Bawulair Timothy have nothing to offer here nonsense.
Truth 8 months ago

We shouldn't forget, the BoG Governor is an NDC man but he just removed the political lens to say what is on board. But the NDC political dogs are rather barking on this platform as if they know what de go on @ BoG headquarte ...
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We shouldn't forget, the BoG Governor is an NDC man but he just removed the political lens to say what is on board. But the NDC political dogs are rather barking on this platform as if they know what de go on @ BoG headquarters
Daniel 8 months ago

Dr.Bawumia is very intelligent and visionary. He be President.

Dr.Bawumia is very intelligent and visionary. He be President.
Od 8 months ago

Ghanaweb don't you want Ghana to succeed, abaa

Ghanaweb don't you want Ghana to succeed, abaa
Pupa 8 months ago

Bawumia the genius huh!!

Bawumia the genius huh!!
John 8 months ago

Ghanaweb, you people are very dirty, hypocrites and demonic when it comes to Ghana development, shame on you fools, you Guys thinks all Ghanaians are stupid like the way you fools are? Now we are a new generation and no amoun ...
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Ghanaweb, you people are very dirty, hypocrites and demonic when it comes to Ghana development, shame on you fools, you Guys thinks all Ghanaians are stupid like the way you fools are? Now we are a new generation and no amounts of propaganda will convinces us, what we are seeing in only 4 month under this new government, exposed many of you so called journalists, better you people should tell the truth all the youth will soon comes after you people.
Kweku 8 months ago

Tell them [hmmm NDC]

Tell them [hmmm NDC]
Busiah 8 months ago

Is my boss some of the countries are not using US dollar as before

Is my boss some of the countries are not using US dollar as before
Amen 8 months ago

However it npp were to have been in power they would have pocketed the revenue from the gold. Ghanaians won't even know.

However it npp were to have been in power they would have pocketed the revenue from the gold. Ghanaians won't even know.
Jay 8 months ago

Pack of lies. This not a credible story.

Pack of lies. This not a credible story.
Nana k. 8 months ago

Is the USA controlling the Ghanaian cedi ?idid they asked us to sell cedi at 16 cedis per dollar?if u reason and know that Chinese don't eat dollar and our major importation is from China then why not the Central Bank of Ghan ...
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Is the USA controlling the Ghanaian cedi ?idid they asked us to sell cedi at 16 cedis per dollar?if u reason and know that Chinese don't eat dollar and our major importation is from China then why not the Central Bank of Ghana stops traders not to use dollar to import from China and simple contact Chinese central bank for every business transaction with their currency..
Kwame Peter 8 months ago

Despite all the necessities required to make the country better,GHC 78.8million has been budgeted for the Minister for government communication for 9 months to Dec 2025 as against GHC 51million for Women Development Bank.Prop ...
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Despite all the necessities required to make the country better,GHC 78.8million has been budgeted for the Minister for government communication for 9 months to Dec 2025 as against GHC 51million for Women Development Bank.Propaganda over development,Fellow Ghanaians know what you voted for,insulting is now lucrative business,just this week GHC 15,000 each has been paid to NDC social media practitioners,all of you here missing out go for yours and double up with the fixation on Nana Addo and his appointees.
P. P Mahama 8 months ago

Are u jealous because u don't have PHD? Then blame your parents. And now onwards I pray u receive common sense.

Are u jealous because u don't have PHD? Then blame your parents. And now onwards I pray u receive common sense.
KB 8 months ago

So those dumb asses on this platform, reserves are secured to do two things to boast confidence and assist in intervention of the market. Now, about 30 tones of gold was accumulated by the end of 2024. This has been increased ...
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So those dumb asses on this platform, reserves are secured to do two things to boast confidence and assist in intervention of the market. Now, about 30 tones of gold was accumulated by the end of 2024. This has been increased to 31 tones. Meaning the Gold reserved accumulated has not been used to intervene the market. So how is the reserves then helping to bring the currency up more than any other currency in the world. It gives you one answer, Ghana is selling more Gold than previous which raking in more than enough inflows to out way demand, hence the sharp appreciation of our currency. The government is intervening in the market in a different and smart way. The reserves that was accumulated in the past is just giving that comfort to intervene without being afraid of your reserves. And why are they selling more gold. Its because they have blocked all the slippages that hitherto led to smuggling. FACTS
*1ws 8 months ago

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BoG acknowledges impact of Bawumia's gold purchasing initiative

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