GoldBod Shifts Gold Purchases to Interbank Rate, Cites Legal Fees for Revenue

GoldBod CEO announced the company has moved its gold purchases to the interbank rate, with Sammy Gyamfi clarifying that GoldBod's revenue is derived from legally approved fees. This change aims to streamline gold transactions and ensure transparency in revenue generation.

22 Aug, 10:42 — 22 Aug, 10:42

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myjoyonlineMixed2d ago

We’ve moved gold purchases to Interbank rate – GoldBod CEO

Chief Executive Officer of the Ghana Gold Board (GoldBod), Sammy Gyamfi, says the state gold trading institution has changed the exchange-rate mechanism used to price gold purchases, moving away from the forex bureau rate to the interbank rate.

By Emmanuel Tetteh

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GoldBod Shifts Gold Purchases to Interbank Rate, Cites Legal Fees for Revenue

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We’ve moved gold purchases to Interbank rate – GoldBod CEO

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