The termination of its prefinancing agreement for the acquisition of gold by the Ghana Gold Board (GoldBod) – BoG

Compiled By: Prince Henry Danquah, Bora Capital Advisors Ltd.

The Bank of Ghana (BoG) has announced the cessation of its prefinancing arrangement for the Ghana Gold Board’s (GoldBod) gold purchases, a move expected to significantly alter domestic liquidity conditions and influence the country’s monetary policy framework.

The Governor of the Bank of Ghana, Dr. Johnson Pandit Asiama, disclosed this during his opening remarks at the 131st Monetary Policy Committee (MPC) meeting in Accra.

According to him, the decision took effect on July 1, 2026, ending the central bank’s role in providing advance financing for GoldBod’s purchases through its auction arrangements.

Source: newsthemegh.com