business

Ghana to Increase Gold Purchases from Large Mines to 30% of Output Starting June

25 Mayıs 2026Bloomberg

Ghana's central bank announced a significant policy change, intending to raise its gold purchases from large-scale producers from 20% to 30% of their output, effective June 1. This move aims to bolster the country's gold reserves and stabilize the economy.
The decision reflects Ghana's strategy to enhance its position in the global gold market and support local producers.
Ghana is one of Africa's largest gold producers, and gold plays a crucial role in its economy. The central bank's decision comes at a time when many countries are looking to increase their gold reserves as a hedge against economic uncertainty.
This policy shift could have far-reaching implications for both the local economy and the gold mining sector. By increasing its share of gold purchases, Ghana is likely attempting to strengthen its financial stability amid fluctuating global gold prices.

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This article is for informational purposes only and does not constitute financial advice.

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