Senior Vice President of policy think tank IMANI Africa, Kofi Bentil, has credited Dr Mahamudu Bawumia’s gold-for-reserve initiative as a key factor in the recent appreciation of the Ghana cedi.
In a Facebook post on Thursday, 8 May, Mr Bentil explained that while external factors such as United States monetary policy are playing a role, the internal policy choices—particularly those relating to gold reserves- are having a significant impact.