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Can Ghana’s gold boom shield its economy from global uncertainty?

The busy street of Kwame Nkrumah Circle, Accra, Ghana @ Pixabay
The busy street of Kwame Nkrumah Circle, Accra, Ghana @ Pixabay
  • Gold prices hit a record $3,515 per ounce, lifting Ghana’s exports and currency
  • Accra rolls out hedging strategy to protect reserves from a potential price correction

 

ACCRA, GHANA – Gold’s meteoric rise to a historic high is reshaping Ghana’s economy, boosting exports, strengthening the cedi and giving policymakers a rare moment of breathing space.

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