Ghana’s central bank gold reserve has increased from 8 tonnes to 14 tonnes in 18 months. This was disclosed by the President of Ghana, H.E. Nana Akuffo Addo and Governor of the Bank of Ghana, Dr. Ernest Addison in two separate events. The increase in the central bank gold reserve has been attributed to the […]
Central Bank Gold Demand Rose in Early 2023; Stockpiling of the Metal in some BRICS Countries on the Rise
Central banks across the world are major buyers of gold apart from private investors and jewelry consumers. They are currently a major source of global gold demand. Between 1992 and 2022, central banks have moved from selling gold to become stockpilers of the commodity. In the 1990s and early 2000s, central banks were net sellers […]