Tag: reserves

Ghana is on the verge of receiving another major tranche of funding from the International Monetary Fund (IMF) as the country successfully meets the critical conditions necessary for the Fund’s ...

Professor of Finance at Andrews University, Michigan, USA, Prof. William Peprah, has called on the government of Ghana to utilize part of the country’s $4.2 billion reserves to address outstanding ...

The 2023 International Monetary Fund Regional Economic Outlook Report for Sub-Saharan Africa has indicated that Ghana’s net international reserves is almost depleted, a sign of great danger for the economy ...

Dr. Sam Ankrah, President of Africa Investment Group, has chided the Central Bank for constantly interfering with the determination of the value of the cedi, while calling on the Apex ...

As the growing uncertainties in the global market prolongs, more central banks worldwide are expected to increase their gold holdings this year as they continue to view the bullion as ...

Ghana’s Gross International Reserves (GIR) have suffered a third consecutive decline in April this year, pushing the country’s import cover to its lowest levels over the past two years. Data ...

Despite a turbulent first quarter, global central banks' gold reserves accumulated a net reserve of 84 tonnes, 29% lower than in the first quarter of the previous year, according to ...

Kosmos Energy has successfully refinanced its revolving credit facility (RCF) and also completed the semi-annual redetermination of its reserve based lending facility (RBL), after an amendment and extension of same ...

Barrick Gold Corporation improved the quality of its group mineral reserve grade by 3% in 2021, after replacing depleting gold mineral reserves by 150%, according to the company’s annual reserve ...

Ghana’s gold production rebounded strongly, surpassing 125 tons mark in 2020 by 5 tons more in 2021 despite global production remaining slightly softer, concretizing Ghana’s lead as the continent’s biggest ...