Ghana Ditching its Gold Reserves for Foreign Currency Amid Price Surge | Firstpost Africa | N18G

As global gold prices soar amid rising geopolitical tensions, most countries are racing to stockpile the precious metal. But Ghana is doing the unthinkable, cutting its gold reserves by more than half. Africa’s top gold producer has slashed its holdings by 51% (18.6 tonnes), choosing to cash in and reinvest in foreign currency assets instead. According to the Bank of Ghana, gold had begun to dominate its reserves far beyond safe levels, prompting a strategic shift toward diversification.

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