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BoG cuts gold exposure by 50% on concentration concerns

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  • Truth Table 1 month ago

    “I am the good shepherd. The good shepherd lays down his life for the sheep. (John 10:11) ..
    .. .
    ONLY Jesus saves

  • Kofi Akwetey 1 month ago

    Why is BOG selling our gold reserves at a time when gold prices are increasing every day on the world market? As the dollar continues to lose value due to Donald Trump's shenanigans, all serious countries are increasing their ...
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  • Pris 1 month ago

    THEY JUST DIDNT SELL THE GOLD TO KEEP THE DOLLARS UNDER THEIR BEDS MY FRIEND...THEY HAVE INVESTED THE DOLLARS INTO OTHER PROFIT YIELDING INSTRUMENTS....GOLD PRICE IS GOING UP BUT YOU ALSO DONT KNOW THE RETURNS THEY MAY BE MA ...
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  • Kwame 1 month ago

    What profit yielding instrument are you talking about? BOG is very short sighted

  • All Ghanaian Ghanaian 1 month ago

    Lol, since when did u deduce the shortsightedness of BOG. Come again my brother....

  • Kay 1 month ago

    That's a smart move. Take advantage of the price now before it begins to fall drastically again. It's a volatile commodity.

  • BLUE ELEPHANT 1 month ago

    Kay, the fact is BOG is not being truthful to the public. The price of gold is predicted to even get to the usd8,000 mark by J P Morgan Bank. Why sell such an asset which is appreciating for forex for which you will make fore ...
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  • Patriot 1 month ago

    Close scrutiny of the Governor’s statements shows a deliberate effort to not state the real reason for reduction of the gold reserves, which implies a sale, and for what purpose when gold is rallying on geopolitical concern ...
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  • It is to get dollars to source up the cedi. 1 month ago

    Common sense will tell you th3y are selling gold to get more dollars to keep the cedi artificially in good stead.

  • DOLLAR BRAND 1 month ago

    Good investment strategy. It is always good do diversify. Never put all your eggs into one basket.

  • FOXY TROTTER 1 month ago

    The Banks gold sale is most likely to mitigate balance sheet losses.

  • Kwame panin 1 month ago

    The governor is a crook. why did he not inform the public vefore it came out?