BoG launches responsible gold sourcing programme to enhance economic growth

The Bank of Ghana (BoG) recognizes gold's strategic role in economic growth and has launched its Responsible Sourcing Programme to ensure ethical procurement.

This framework includes the Domestic Gold Purchase Programme (DGPP), emphasizing supply chain transparency, Know Your Customer (KYC) protocols, and environmental responsibility.

The DGPP operates under two models: Gold for Reserves and Gold for Oil.

Through the Gold for Oil initiative, gold is used either in direct barter or sold to brokers for foreign exchange to cover oil imports, ensuring sustainable and conflict-free gold sourcing while benefiting the economy.