BoG to end financing of GoldBod under new gold policy – Dr Kwakye

Read Article

Comments (19)

This article is closed for comments.

Read Comments Comments (19)

Emma 3 months ago

Ha ha ha ha ha. When the wind blows, all of us will see the fowl nyash. Continue to lie

Ha ha ha ha ha. When the wind blows, all of us will see the fowl nyash. Continue to lie
THIS OLD MAN HAS NOTHING LEFT IN HIS HEAD. WE SHOULD BRING IN MODERN FINANCIAL ECONOMIST BEFORE SUCH OLD IDEAS PLUNGE OUR COUNTRY INTO NPP ERA SITUATION 3 months ago

There are several young financial economists who can provide better economic solution rather than these old spent force.

JM, remove these people from your team. They are liabilities. Bring on board young financial economis ...
read full comment

There are several young financial economists who can provide better economic solution rather than these old spent force.

JM, remove these people from your team. They are liabilities. Bring on board young financial economists who have new and vibrant ideas
prophet mohammed was a sick dog 3 months ago

Say no to islam and convert to a real religion.
Allah is satanic scum and qur'an is toilet paper. Search online for ways to move away from evil islam.........You can join ex-muslim groups online and be safe......You are ...
read full comment

Say no to islam and convert to a real religion.
Allah is satanic scum and qur'an is toilet paper. Search online for ways to move away from evil islam.........You can join ex-muslim groups online and be safe......You are not alone..........Burn the qur'an. Kill muslims.
SS 3 months ago

Continue the Good works Mahama and Team.
Let the minority who came and pillaged the economy only to run out the country cry and wish you doom whilst you go higher and higher.

Continue the Good works Mahama and Team.
Let the minority who came and pillaged the economy only to run out the country cry and wish you doom whilst you go higher and higher.
Kwame King 3 months ago

I think that should be the way. Goldbod must be funded directly but their purchase price be less than the world market price in order not to create loss. However, bank of Ghana must buy from them to cushion the exchange rate. ...
read full comment

I think that should be the way. Goldbod must be funded directly but their purchase price be less than the world market price in order not to create loss. However, bank of Ghana must buy from them to cushion the exchange rate. It is more or less same as the PMC thing. The only difference is the restriction.
Abugre 3 months ago

After refuting the $214m loss and referring to IMF of telling lies, the fowls have come home to roost.
They have started explaining the reduction in gold reserve. We are waiting.

After refuting the $214m loss and referring to IMF of telling lies, the fowls have come home to roost.
They have started explaining the reduction in gold reserve. We are waiting.
SS 3 months ago

Jandam will fail.

GoldBoard is a game changer and the losers know that to their jealousy.

Continue the Good works Prez Mahama and co.

Sammy Gyamfi- you are a Gem

Jandam will fail.

GoldBoard is a game changer and the losers know that to their jealousy.

Continue the Good works Prez Mahama and co.

Sammy Gyamfi- you are a Gem
my eyes everywhere. 3 months ago

simple put the money back no lies, propaganda and mis calculation please money back for GHANA into GHANA ACCOUNTS WHERE IT SHOULD HAVE BEEN PUT.Thank you sir but GHANA NEEDS THE MONEY BACK.accountability is STILL HOLD.thank ...
read full comment

simple put the money back no lies, propaganda and mis calculation please money back for GHANA into GHANA ACCOUNTS WHERE IT SHOULD HAVE BEEN PUT.Thank you sir but GHANA NEEDS THE MONEY BACK.accountability is STILL HOLD.thank you sir.
Okponglo Guy 3 months ago

Currency stability is a great goal. However, please practice transparency. Has our gold reserves been depleted or increased, JK? How much is the stability costing the Central Bank?

Currency stability is a great goal. However, please practice transparency. Has our gold reserves been depleted or increased, JK? How much is the stability costing the Central Bank?
Nana Abrokwah SA 3 months ago

To me I don't understand the logic behind the lost, if you used $214 million to get $10 billion is it a lost?
There's a saying "we use a fish to get more fishes

To me I don't understand the logic behind the lost, if you used $214 million to get $10 billion is it a lost?
There's a saying "we use a fish to get more fishes

Chiga 3 months ago

@Nana, it means the BoG spent over 10.12+ billion to make 10 billion.

@Nana, it means the BoG spent over 10.12+ billion to make 10 billion.
Onyame 3 months ago

How can you sell gold and make losses. Can't think farrr

How can you sell gold and make losses. Can't think farrr
John 3 months ago

Kwakye's hair is now looking good.

Kwakye's hair is now looking good.
Ben Western Region 3 months ago

The talking is too much. We’ve heard enough of refining gold in Ghana. Time and tide wait for no man! Go ahead and quickly do it and stop the talking!

The talking is too much. We’ve heard enough of refining gold in Ghana. Time and tide wait for no man! Go ahead and quickly do it and stop the talking!
Kwame panin 3 months ago

what is the difference with PMMC? This galamsey govt knows very little.

what is the difference with PMMC? This galamsey govt knows very little.
Bwana Ndugu 3 months ago

Everyone is a renowned somebody ? God help us.

Everyone is a renowned somebody ? God help us.
Visitas 3 months ago

Now we know who the real nation wreckers are.Galamsey left,right and centre,and nobody is concerned anymore. It is Mahama so it doesn't matter anymore. Oliver Vormerwor and Ralf have suddenly disappeared. Chiefs are silent a ...
read full comment

Now we know who the real nation wreckers are.Galamsey left,right and centre,and nobody is concerned anymore. It is Mahama so it doesn't matter anymore. Oliver Vormerwor and Ralf have suddenly disappeared. Chiefs are silent and ishops, prophets and "men of God "have turned away and pretended they haven't seen nothing. The tide has shifted. The talk is about GoldBod buying gold directly from miners to refine and not who GoldBod is going to buy the gold from. Whether from the illegal miners(galamseyers)or whatever nobody cares anymore. The President who vehemently advocated for a state of emergency to be declared to help combat galamsey has now turn around to tell Ghanaians that stopping illegal mining will damage the country economically and therefore we should accept things as they are. What is happening?.Your answer is as good as mine
Antwi 3 months ago

Experts paa.
Once you start refining in Ghana you reduce trading losses.
You even get Silver credits and revenue which Ghana is losing

Experts paa.
Once you start refining in Ghana you reduce trading losses.
You even get Silver credits and revenue which Ghana is losing
Kwabena 3 months ago

Does this mean through the value chain Ghana gained $9.786 ($10b - $214m)?

Is the $10b not an asset and $214m not a trading loss?

How do we bring the two together to justify a positive net position?

With this new po ...
read full comment

Does this mean through the value chain Ghana gained $9.786 ($10b - $214m)?

Is the $10b not an asset and $214m not a trading loss?

How do we bring the two together to justify a positive net position?

With this new policy are we not transferring losses to goldbod?

We would rather be happy to know the gains as a result of appreciation of the cedi as against the loss of $214m. When we are able to do this and ascertain a positive net position, then we can confidently justify the loss of $214m whether with BOG or goldbod.

19 Comments

Welcome,

SIGN IN

Welcome,

RESET PASSWORD

Hello,

Terms and conditions

REGISTER

BoG to end financing of GoldBod under new gold policy – Dr Kwakye

Read Comments .st0{display:none;fill:#14BDD3;} .st1{display:none;} .st2{display:inline;fill:#FC0F0F;} .st3{display:inline;fill:#FFFFFF;} .st4{display:inline;fill:none;stroke:#000000;stroke-width:6;stroke-miterlimit:10;} Comments (19)

Read Comments Comments (19)