The Bank of Ghana has announced a strategic rebalancing of its total foreign reserves, a process that includes a partial divestment of its gold holdings.
This initiative is part of the central bank’s broader asset allocation framework, designed to ensure that the composition of Ghana’s reserves aligns with its long-term monetary policy objectives.
According to the Bank, the decision to adjust its exposure to gold is aimed at reducing vulnerability to fluctuations in global gold prices. By doing so, the Bank minimizes the need for active hedging within its established risk parameters and enhances the stability of Ghana’s reserve portfolio.
The Bank of Ghana emphasized that its approach is rooted in disciplined and prudent risk management, rather than speculation on short-term market movements. While the Bank keeps a close watch on global gold price trends, its strategy is focused on long-term financial resilience and stability.
Officials believe that the rebalancing will improve the efficiency of Ghana’s external reserve management, maintaining both market confidence and the integrity of the country’s monetary framework. The move is seen as a proactive yet cautious response to global commodity price uncertainties, reflecting the Bank’s commitment to safeguarding Ghana’s economic stability.
Source: Apexnewsgh.com
