Ghana looks to buy 30% of gold from mining companies
Negotiations with multinationals are ongoing as central bank seeks to shore up reserves
Ghana, Africa’s biggest gold-producing nation, wants multinational mining companies to sell a greater share of the precious metal to its central bank, according to multiple reports dated May 18.
Large-scale mining firms in the country currently sell 20% of their output to the Bank of Ghana. However, a senior official from the central bank told Reuters that it wanted to increase this to 30%.
Paul Bleboo, head of the bank’s gold management programme, said it intended to negotiate for 30% of annual
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