Dr. Abugre said building gold reserves could strengthen Ghana’s capacity to generate foreign exchange, manage external obligations and influence foreign exchange expectations.
While acknowledging GoldBod’s impact on inflation and interest rates, he said the more significant development was the financing mechanism used to support the initiative.
“That initiative also led eventually to bringing down consumer price inflation and bringing down interest rates. But it’s not these factors that matter most. It is the way the financing happened.”
