IMF Warns Ghana on Central Bank Gold Scheme, Urges Balance Sheet Boost

The International Monetary Fund (IMF) has warned the Ghanaian government that the Bank of Ghana's gold scheme could weaken the central bank's balance sheet. The IMF recommends strengthening the Bank of Ghana's balance sheet to mitigate fiscal risks.

15 May, 13:21 — 15 May, 13:21

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myjoyonlineMixed2h ago

Strengthen BoG’s balance sheet to reduce fiscal risks, others – IMF to government

The Fund said the losses associated with the Domestic Gold Purchase Programme (DGPP) underscore the importance of increasing transparency and limiting quasi-fiscal activities that weaken the central bank’s balance sheet.

By Charles Nixon

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IMF Warns Ghana on Central Bank Gold Scheme, Urges Balance Sheet Boost

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Strengthen BoG’s balance sheet to reduce fiscal risks, others – IMF to government

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