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Ghana’s overseas speech reserves person seen a important boost, driven mostly by a surge successful golden exports linked to policies initiated by President John Dramani Mahama.
According to information from the Bank of Ghana, the caller maturation successful reserves reflects the benefits of gold-backed export strategies introduced during Mahama’s administration, which is aimed astatine maximising Ghana's mineral wealth.
The unprecedented measurement of golden exports successful caller months has contributed to accrued dollar inflows, easing unit connected the cedi and strengthening Ghana’s outer equilibrium position.
The instauration of the Ghana Gold Board to streamline Ghana's golden worth concatenation is accelerated contributing to this achievement, experts and information person shown.
These measures by the authorities is improving capitalist assurance and formalising parts of the industry.
The improvement comes astatine a captious clip arsenic Ghana continues to retrieve from caller economical challenges and seeks to physique a much resilient macroeconomic environment.
SP/AE
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