Commodities
Ghana Central Bank Reports Significant Losses in Domestic Gold Purchases
The Central Bank of Ghana has experienced significant losses in its domestic gold purchases for the years 2024 and 2025, according to Dr. Richmond Akwasi Atuahene.
Dr. Atuahene's analysis reveals that these losses have resulted from a combination of factors, including increased costs associated with data centers and negative free cash flow at Google (Alphabet).
The impact of the Cedi entering its price-discovery phase has also been felt, leading to renewed dollar-demand pressure.