Sammy Gyamfi, the CEO of the Goldbod has stated that the Ghana cedi appreciation is not a product of gold reserve accumulation.
He emphasised that the appreciation of the Ghana cedi continues unabated due to the high forex liquidity,, mainly on account of unprecedented gold exports by the Goldbod.
In a social media post on X, Sammy Gyamfi wrote, “The appreciation of the Ghana cedi continues unabated.
This is not a product of gold reserve accumulation but rather, high forex liquidity mainly on account of unprecedented gold exports by the @GhanaGOLDBOD, coupled with stringent monetary policy stance by @thebankofghana and fiscal consolidation by the Ato Forson-led Ministry of Finance.
Indeed, #AbanPapaAba.
Thank you Mr. President @JDMahama for delivering the Ghana Cedi we all want”.
https://t.co/y38rTIdRcX
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