“I am the good shepherd. The good shepherd lays down his life for the sheep. (John 10:11) ..
.. .
ONLY Jesus saves
“I am the good shepherd. The good shepherd lays down his life for the sheep. (John 10:11) ..
.. .
ONLY Jesus saves
Kofi Akwetey 1 month ago
Why is BOG selling our gold reserves at a time when gold prices are increasing every day on the world market? As the dollar continues to lose value due to Donald Trump's shenanigans, all serious countries are increasing their ... read full comment
Why is BOG selling our gold reserves at a time when gold prices are increasing every day on the world market? As the dollar continues to lose value due to Donald Trump's shenanigans, all serious countries are increasing their gold reserves. Why is Ghana going in reverse? The idea of "concentration risk" is pure b.s.
Pris 1 month ago
THEY JUST DIDNT SELL THE GOLD TO KEEP THE DOLLARS UNDER THEIR BEDS MY FRIEND...THEY HAVE INVESTED THE DOLLARS INTO OTHER PROFIT YIELDING INSTRUMENTS....GOLD PRICE IS GOING UP BUT YOU ALSO DONT KNOW THE RETURNS THEY MAY BE MA ... read full comment
THEY JUST DIDNT SELL THE GOLD TO KEEP THE DOLLARS UNDER THEIR BEDS MY FRIEND...THEY HAVE INVESTED THE DOLLARS INTO OTHER PROFIT YIELDING INSTRUMENTS....GOLD PRICE IS GOING UP BUT YOU ALSO DONT KNOW THE RETURNS THEY MAY BE MAKING ON THEIR INVESTMENTS TOO...THE RETURNS ON THE INVESTMENTS MAY ALSO BE BIGGER THAN THE RATE AT WHICH THE PRICE OF GOLD IS GOING UP SO ITS ALL A BALANCING ACT BUT IT MAKES SENSE NOT TO EXPOSE THEMSELVE TOO MUCH TO THE VOLATILITIES OF GOLD PRICING...WHAT IF TOMMOROW GOLD PRICE STARTS TO FALL SERIOUSLY AND ALL THEY HAVE IS THE GOLD
Kwame 1 month ago
What profit yielding instrument are you talking about? BOG is very short sighted
What profit yielding instrument are you talking about? BOG is very short sighted
All Ghanaian Ghanaian 1 month ago
Lol, since when did u deduce the shortsightedness of BOG. Come again my brother....
Lol, since when did u deduce the shortsightedness of BOG. Come again my brother....
Kay 1 month ago
That's a smart move. Take advantage of the price now before it begins to fall drastically again. It's a volatile commodity.
That's a smart move. Take advantage of the price now before it begins to fall drastically again. It's a volatile commodity.
BLUE ELEPHANT 1 month ago
Kay, the fact is BOG is not being truthful to the public. The price of gold is predicted to even get to the usd8,000 mark by J P Morgan Bank. Why sell such an asset which is appreciating for forex for which you will make fore ... read full comment
Kay, the fact is BOG is not being truthful to the public. The price of gold is predicted to even get to the usd8,000 mark by J P Morgan Bank. Why sell such an asset which is appreciating for forex for which you will make foreign exchange losses because the probability of the cedi depreciating is higher than the price of gold reducing. This decision by the BOG is senseless. There must be another reason which we are not being told!!!!!!
Patriot 1 month ago
Close scrutiny of the Governor’s statements shows a deliberate effort to not state the real reason for reduction of the gold reserves, which implies a sale, and for what purpose when gold is rallying on geopolitical concern ... read full comment
Close scrutiny of the Governor’s statements shows a deliberate effort to not state the real reason for reduction of the gold reserves, which implies a sale, and for what purpose when gold is rallying on geopolitical concerns which will not stop soon. The sale maybe legitimate to cover losses or to support their balance sheet, which must be stated, but such a rapid, 50% reduction raises concerns.
It is to get dollars to source up the cedi. 1 month ago
Common sense will tell you th3y are selling gold to get more dollars to keep the cedi artificially in good stead.
Common sense will tell you th3y are selling gold to get more dollars to keep the cedi artificially in good stead.
DOLLAR BRAND 1 month ago
Good investment strategy. It is always good do diversify. Never put all your eggs into one basket.
Good investment strategy. It is always good do diversify. Never put all your eggs into one basket.
FOXY TROTTER 1 month ago
The Banks gold sale is most likely to mitigate balance sheet losses.
The Banks gold sale is most likely to mitigate balance sheet losses.
Kwame panin 1 month ago
The governor is a crook. why did he not inform the public vefore it came out?
The governor is a crook. why did he not inform the public vefore it came out?
“I am the good shepherd. The good shepherd lays down his life for the sheep. (John 10:11) ..
.. .
ONLY Jesus saves
Why is BOG selling our gold reserves at a time when gold prices are increasing every day on the world market? As the dollar continues to lose value due to Donald Trump's shenanigans, all serious countries are increasing their ...
read full comment
THEY JUST DIDNT SELL THE GOLD TO KEEP THE DOLLARS UNDER THEIR BEDS MY FRIEND...THEY HAVE INVESTED THE DOLLARS INTO OTHER PROFIT YIELDING INSTRUMENTS....GOLD PRICE IS GOING UP BUT YOU ALSO DONT KNOW THE RETURNS THEY MAY BE MA ...
read full comment
What profit yielding instrument are you talking about? BOG is very short sighted
Lol, since when did u deduce the shortsightedness of BOG. Come again my brother....
That's a smart move. Take advantage of the price now before it begins to fall drastically again. It's a volatile commodity.
Kay, the fact is BOG is not being truthful to the public. The price of gold is predicted to even get to the usd8,000 mark by J P Morgan Bank. Why sell such an asset which is appreciating for forex for which you will make fore ...
read full comment
Close scrutiny of the Governor’s statements shows a deliberate effort to not state the real reason for reduction of the gold reserves, which implies a sale, and for what purpose when gold is rallying on geopolitical concern ...
read full comment
Common sense will tell you th3y are selling gold to get more dollars to keep the cedi artificially in good stead.
Good investment strategy. It is always good do diversify. Never put all your eggs into one basket.
The Banks gold sale is most likely to mitigate balance sheet losses.
The governor is a crook. why did he not inform the public vefore it came out?