GoldBod raises US$75m from banks in test of new gold financing model
Gold

GoldBod raises US$75m from banks in test of new gold financing model

Published August 11, 20263 min read

Ghana Gold Board (GoldBod) raised US$75 million directly from commercial banks last week, testing a new financing model that allows it to fund gold purchases without using the Bank of Ghana (BoG) as an intermediary, its Chief Executive Officer (CEO), Sammy Gyamfi, has said.

Published by Juliet Etefe
73 views

Comment guidelines

Please keep comments respectful. Use plain English for our global readership and avoid using phrasing that could be misinterpreted as offensive. By commenting, you agree to abide by our community guidelines and these terms and conditions. We encourage you to report inappropriate comments.

All Comments0

No comments yet. Be the first to share your thoughts.

Related Coverage: Gold

GoldBod turns gold into US$2.7bn FX buffer
Gold

GoldBod turns gold into US$2.7bn FX buffer

Ghana’s foreign exchange market is set to receive support from an estimated US$2.7 billion generated through the Ghana Gold Board’s (GoldBod) collaborative financing model over August and September,

Price pressures shift from food to services
Economy

Price pressures shift from food to services

Ghana’s inflation pressures are increasingly shifting away from food and imported goods toward domestically-driven services, housing and utility costs, even as the overall price level remains substantially below where it stood a year ago.

Cocoa recovery hinges on farmer returns - CMC chief says
News

Cocoa recovery hinges on farmer returns - CMC chief says

Ghana’s efforts to rebuild cocoa production will depend heavily on whether farmers can earn enough from the crop to justify rehabilitating and replanting their farms, the Managing Director of Cocoa Marketing Company (Ghana) Limited, Wisdom Kofi Dogbey, has said.

Real trade deficit widens to GH¢6.2bn — GSS
Trade

Real trade deficit widens to GH¢6.2bn — GSS

The country recorded a GH¢6.2 billion trade deficit in real terms in the first quarter of 2026, in contrast to the GH¢46.1 billion nominal surplus, as export volumes contracted while imports expanded, according to the Ghana Statistical Service (GSS).