Newmont sells 3,500 oz of gold to Ghana under local purchasing plan
Wednesday, June 8, 2022 - 13:13:11
Reuters
The gold purchasing program aims to increase gold reserves and spurred discussions with the Chamber or Mines about the Bank of Ghana’s intentions to purchase refined gold from mining companies in the country.

Newmont Africa said it was the first mining company to respond to the central bank’s initiative with a first sale of refined gold in May 2022.

Ghana’s central bank is seeking to raise the gold component of its reserves in a bid to strengthen the West African country’s local cedi currency without increasing inflation.

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