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Gold programmes helped build Ghana’s reserves and support cedi – Bawumia - MyJoyOnline

Flagbearer of the New Patriotic Party, (NPP), Dr Mahamudu Bawumia, has credited Ghana’s Gold-for-Oil and Gold-for-Reserves programmes with helping to build the country’s foreign exchange reserves and stabilise the cedi. According to him, the programmes enabled Ghana to acquire about $5 billion worth of gold within two years, strengthening the country’s reserve position at a time when access to foreign exchange was constrained.

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