Gold strategy must shield BoG from commercial risks – Licensed Gold Buyers

The Chamber of Licensed Gold Buyers (CLGB) is calling for the Bank of Ghana (BoG) to be protected from the long-term commercial risks associated with gold trading, amid growing debate over reported losses of about US$1.7 billion under Ghana’s gold purchasing programme. The Chamber says the reported figure should not, on its own, be interpreted as proof that Ghana’s strategy of using gold to strengthen its reserves has failed.