Gold Board is a game changer for Ghana's economy - Isaac Adongo

The Member of Parliament (MP) for Bolgatanga Central, Isaac Adongo, has noted that the government’s existent economical measures, rooted successful John Mahama’s vision, are proving effective, peculiarly with the instauration of the Gold Board.

“We’ve not exited the woods yet, but we’re yet managing well,” helium said.

According to him, the constitution of the Gold Board has not lone restored assurance successful Ghana’s fiscal ecosystem but is rapidly becoming the “single astir important argumentation to anchor stability.”

“The Gold Board is already having a disposable interaction connected the interbank market. Even earlier it becomes afloat operational, we’re seeing comparative stableness return,” helium stated successful an interrogation connected GHOne TV’s State of Affairs, monitored by MyNewsGh.

Adongo credited this advancement to a squad led by Sammy Gyamfi and the Ministry of Finance, applauding their aboriginal achievements successful reducing unit connected the forex market.

He emphasised that speculative request for the dollar has importantly declined.

“The forex bureau marketplace has been tamed. We present enforce that dollars are utilized strictly for transactional purposes, not for hoarding,” helium explained.

The MP added that golden trade, erstwhile informal and riddled with loopholes, is present being centralised nether the Gold Board, which pegs golden prices to interbank forex rates.

This, helium said, has dismantled the speculative behaviors that erstwhile destabilised the currency market.

“We’ve efficaciously neutralised Abochi’s dollar dominance. In fact, Abochi doesn’t adjacent person the dollar anymore,” helium added, referencing informal marketplace dealers.

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