Gold is one of the highly sought-after metals in the world because of its worth and variety of uses. The precious metal is used in several ways: as a physical store of wealth by central banks, financial institutions, private investors etc; used in jewelry-making and medals; used in a wide range of electronic applications due […]
Ghana’s Gold and Oil export receipts jumped in 2022 whilst Cocoa export receipts declined
Ghana’s Gold and Oil export receipts jumped in 2022 whilst Cocoa export receipts declined. For decades, Ghana has been a commodity dependent country relying heavily on export revenues from the three major trading commodities: gold, cocoa and oil (since production commenced in 2011). Gold for decades remains the leading commodity export earner for the country. […]
Government of Ghana intends to barter sustainably mined Gold for imported Oil Products
Government of Ghana intends to barter sustainably mined Gold for imported Oil Products On the back of the growing economic challenges, spiraling inflation, depreciation in the value of the cedi against the US dollar, and dwindling foreign exchange reserves, the government of Ghana has hinted a policy strategy to barter gold for imported oil products. […]
Gold outperforms other major trading commodities in export receipts for the first half of the year
Gold outperforms other major trading commodities in export receipts for the first half of the year. Gold continues to make significant gains as the major contributor to Ghana’s export receipts. Available data from the Bank of Ghana (BoG) indicate that gold export receipts recorded at the end of June amounted to US$3.02 billion as compared […]
Gold makes headway above $1,500 on path to best year since 2010
Gold rose for a fourth straight session, topping $1,500 an ounce and on course for its best annual gain since 2010. The metal touched a seven-week high as investors positioned for 2020, with post-Christmas gains coming even as global equities inched higher and US-China trade concerns eased. The break-through $1,500 in the face of new highs in […]