The Financial institution of Ghana Governor Dr. Johnson Asiama, has revealed that the Central Financial institution is contemplating value hedging programme for its gold exports.
The transfer, based on him, is to make sure that its loss is minimise, ought to the worth of gold begin declining as a result of developments on the worldwide market.
The Governor of the Financial institution of Governor disclosed this on the Stanbic Financial institution/Graphic Breakfast assembly in Accra immediately June 15 2025.
The motion by the Financial institution of Ghana is well timed as some corporations, together with Barclays PLC , have projected that gold costs might decline within the coming months.
Financial institution of Ghana’s Reserves and Sustaining of Cedi
The Governor of the Financial institution of Ghana additionally revealed that the nation’s worldwide reserves have reached $11.0 billion as of June this 12 months.
Dr. Johnson Asiama maintained this hedging programme might go an extended technique to take care of any potential shocks to the nation’s export earnings.
The Governor additionally introduced that “I consider that the time has come for not solely the Financial institution of Ghana, however companies must also discover hedging to minimise their shocks in these difficult occasions.”
He added that different measures are being carried out that may go great distance to assist firmly stabilise the cedi.
The Governor of Financial institution of Ghana additionally assured that the Central Financial institution will proceed to take actions and measures that may assist in sustaining foreign exchange stability.
The Governor additionally challenged exporters and companies to take a position their earnings in Ghana, including that “The extra worth is saved inside Ghana, the stronger the cedi turns into in addition to the soundness of the economic system.”
The Governor additionally challenged native companies to see the cedi because the forex of choice for all transaction regionally.
“If you go to international locations like South Africa, it’s purely their native forex. Let’s additionally try to do the identical, relating to the Ghana cedi”, the Governor added
The Governor additionally promised to work with all informants relating to sustaining market stability, stating, “I’ll encourage everybody to share market data with us and promise to work on it”.
“The cedi is the one authorized tender in Ghana and lets make it work for all of us”, the Governor added.
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