{"id":550947,"date":"2026-04-26T01:46:10","date_gmt":"2026-04-26T01:46:10","guid":{"rendered":"https:\/\/www.newsbeep.com\/uk\/550947\/"},"modified":"2026-04-26T01:46:10","modified_gmt":"2026-04-26T01:46:10","slug":"bog-must-sustain-domestic-gold-purchase-programme","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/uk\/550947\/","title":{"rendered":"BoG must sustain Domestic Gold Purchase Programme"},"content":{"rendered":"<p class=\"article-image\"><a href=\"https:\/\/www.ghanaweb.com\/GhanaHomePage\/business\/BoG-must-sustain-Domestic-Gold-Purchase-Programme-Professor-Turkson-2031551?gallery=1\" rel=\"nofollow noopener\" target=\"_blank\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.newsbeep.com\/uk\/wp-content\/uploads\/2026\/01\/61842086.295.jpg\" alt=\"Bank of Ghana headquarters\" title=\"Bank of Ghana headquarters\" width=\"295\" height=\"197\" \/> <\/a>Bank of Ghana headquarters<\/p>\n<p id=\"article-123\">A professor at the University of Ghana\u2019s Economics Department, Professor Ebo Turkson, has called for the continuation of the central bank\u2019s Domestic Gold Purchase Programme (DGPP), citing its importance to Ghana\u2019s economic stability.<\/p>\n<p>Speaking on The Key Points on TV3 Ghana on Saturday, April 25, 2026, he urged policymakers to capitalise on favourable global gold prices to strengthen the country\u2019s financial position.<\/p>\n<p>\u201cI want the <a target=\"_blank\" href=\"https:\/\/www.ghanaweb.com\/GhanaHomePage\/people\/person.php?ID=3532\" rel=\"nofollow noopener\">Bank of Ghana<\/a> to continue with the gold purchase programme. If gold is performing strongly, Ghana must take advantage of it,\u201d he said.<\/p>\n<p>However, he cautioned against overexposure to the commodity, warning of potential risks if prices decline.<\/p>\n<p><a href=\"https:\/\/www.ghanaweb.com\/GhanaHomePage\/business\/Business-mogul-RNAQ-counters-ex-wife-s-claims-in-divorce-narrative-battle-2031529\" rel=\"nofollow noopener\" target=\"_blank\">Business mogul RNAQ counters ex-wife\u2019s claims in divorce narrative battle<\/a><\/p>\n<p>\u201cWe should be careful not to concentrate too much of our assets in gold so that when prices fall, we do not suffer,\u201d he added.<\/p>\n<p>Launched in June 2021, the DGPP has become a central pillar of Ghana\u2019s economic strategy. <\/p>\n<p>The programme enables the central bank to purchase gold locally, with large-scale mining firms required to supply a portion of their refined output, while small-scale gold is aggregated through the Precious Minerals Marketing Company which has now become the Ghana Gold Board.<\/p>\n<p>The initiative is aimed at boosting foreign exchange reserves, reducing reliance on the US dollar, and supporting the Ghanaian cedi. <\/p>\n<p>FKA\/MA<\/p>\n","protected":false},"excerpt":{"rendered":"Bank of Ghana headquarters A professor at the University of Ghana\u2019s Economics Department, Professor Ebo Turkson, has called&hellip;\n","protected":false},"author":2,"featured_media":346066,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[84,1294,56,54,55],"class_list":["post-550947","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-business","tag-economy","tag-uk","tag-united-kingdom","tag-unitedkingdom"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/550947","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/comments?post=550947"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/550947\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media\/346066"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media?parent=550947"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/categories?post=550947"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/tags?post=550947"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}