Friday, September 29, 2023
  • Login
The Southern African Times
  • Home
  • Southern Africa
  • Business
    • African Start ups
    • African Continental Free Trade Area
  • Technology
    • Lifestyle
      • Health
      • Culture
      • Food and Drink
      • Entertainment
  • Opinion
  • Sports
  • SAT Jobs
    • Events
  • Shop
  • About Us
    • Advertise with Us
    • Contact Us
No Result
View All Result
  • Home
  • Southern Africa
  • Business
    • African Start ups
    • African Continental Free Trade Area
  • Technology
    • Lifestyle
      • Health
      • Culture
      • Food and Drink
      • Entertainment
  • Opinion
  • Sports
  • SAT Jobs
    • Events
  • Shop
  • About Us
    • Advertise with Us
    • Contact Us
No Result
View All Result
The Southern African Times
No Result
View All Result
Home West Africa Ghana

Mining companies pledge gold sales to augment Ghana’s foreign reserves

by SAT Reporter
September 26, 2022
in Ghana, West Africa
0
Mining companies pledge gold sales to augment Ghana’s foreign reserves
0
VIEWS

Mining companies in Ghana have pledged to sell at least 125,000 ounces of gold to Ghana’s central bank in the last quarter of this year to augment the country’s foreign reserves, a statement said Saturday.

The statement issued by the Ghana Chamber of Mines said the gold sales would be under the Bank of Ghana’s domestic gold purchase program against the backdrop of the country’s weakening foreign exchange position.

The Bank of Ghana will purchase a portion of the gold output of all the gold mining companies at world market price but pay for them in Ghanaian currency, it said.

It added this arrangement was to augment Ghana’s foreign exchange reserves over time and strengthen the country’s balance of payments position.

“As a good corporate citizen, the chamber supports the program, and it will be mutually beneficial to all stakeholders,” said Joshua Mortoti, president of the chamber.

Ghana is currently Africa’s second-largest gold producer with 2.8 million ounces of gold in 2021.

Previous Post

Feature: Rwanda’s Lilian Uwintwali aspiring to digitalise Africa’s agriculture

Next Post

Fears Kenya deal with US could hurt regional trade

SAT Reporter

Related Posts

Vertiv Reinforces Nigerian Footprint with New Office and Customer Showroom in Lagos
Nigeria

Vertiv Reinforces Nigerian Footprint with New Office and Customer Showroom in Lagos

by SAT Reporter
September 12, 2023
The Southern African Times Joins as Media Partner for AFNIS-2023 Summit
Climate Change

The Southern African Times Joins as Media Partner for AFNIS-2023 Summit

by SAT Reporter
August 31, 2023
French Ambassador Remains in Niger Amidst Coup Fallout, Defying Ultimatum
Niger

French Ambassador Remains in Niger Amidst Coup Fallout, Defying Ultimatum

by SAT Reporter
August 29, 2023
Wärtsilä Inks Long-Term Service Deal with ContourGlobal to Bolster Power Plant Reliability in Senegal
Economy

Wärtsilä Inks Long-Term Service Deal with ContourGlobal to Bolster Power Plant Reliability in Senegal

by SAT Reporter
August 28, 2023
ECOWAS Envoy Confident About Diplomatic Resolution to Niger’s Crisis
Niger

ECOWAS Envoy Confident About Diplomatic Resolution to Niger’s Crisis

by SAT Reporter
August 22, 2023
Next Post
Fears Kenya deal with US could hurt regional trade

Fears Kenya deal with US could hurt regional trade

Browse by Category

  • African Continental Free Trade Area
  • African Debt
  • African Start ups
  • Algeria
  • All News
  • Analysis
  • Angola
  • Asia
  • Botswana
  • BOTSWANA
  • BRICS
  • Burkina Faso
  • Burundi
  • Business
  • Business
  • Cameroon
  • Central Africa
  • China
  • Climate Change
  • Climate Changev
  • Congo Republic
  • COVID 19
  • CRYPTOCURRENCY
  • Culture
  • Democratic Republic of Congo
  • Eastern Africa
  • Economy
  • Education
  • Egypt
  • Energy
  • Entertainment
  • Environment
  • Ethiopia
  • Europe
  • Fashion
  • Feature
  • Finance
  • Food
  • Food and Drink
  • Foods
  • GABON
  • Ghana
  • Global
  • Guinea
  • Health
  • Immigration
  • in Southern Africa
  • International news
  • Just In
  • Kenya
  • Lesotho
  • Libya
  • Life Style
  • Lifestyle
  • Malawi
  • Malawi
  • Mali
  • Markets
  • Middle East
  • Mozambique
  • Namibia
  • Niger
  • niger
  • Nigeria
  • North Africa
  • North-Eastern Africa
  • Opinion
  • Politics
  • Property
  • Racism
  • Rwanda
  • SAT Jobs
  • Senegal
  • Seychelles
  • South Africa
  • South Sudan
  • Sports
  • Startup Africa
  • STOCK EXCHANGE
  • Sudan
  • Sustainablity
  • Tanzania
  • Technology
  • Telecommunications
  • The Power Of She
  • Togo
  • Travel
  • Travel
  • Tunisia
  • Uganda
  • Uncategorized
  • West Africa
  • World
  • World
  • ZAMBIA
  • Zambia
  • ZIMBABWE
  • Zimbabwe

Browse by Tags

africa African business news Africa News african footballer African investments african markets African news African start-up Agriculture banking Business China Classic Climate change Content currency economy Explore Bali Finance football Investment Kenya Life Style Markets Market Stories Nigeria oil and gas Opinion Pandemic Politics Premium Russia South Africa Southern African News sports Stay Home technology Travel United Kingdom United Stated Vaccine Work From Home Wuhan Zambia Zimbabwe

WHO WE ARE

The Southern African Times is a regional bloc digital newspaper that covers Southern African and world news. The paper also gives a nuanced analysis on news and covers a wide range of reporting which include sports, entertainment, foreign affairs, arts and culture.
  • Home
  • Southern Africa
  • Business
    • African Start ups
    • African Continental Free Trade Area
  • Technology
    • Lifestyle
      • Health
      • Culture
      • Food and Drink
      • Entertainment
  • Opinion
  • Sports
  • SAT Jobs
    • Events
  • Shop
  • About Us
    • Advertise with Us
    • Contact Us

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist