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African central banks are accumulating gold and nationalizing mines, but the strategies are not without risk
Central banks in sub-Saharan Africa are accelerating their gold purchases to hedge against the growing macro instability in the United States and rising geopolitical risks around the world. “While South Africa has historically maintained gold in its reserves, some sub-Saharan African countries are currently establishing domestic gold purchasing programs, capitalizing on abundant local gold deposits,” wrote Edith Mutethya for China Daily on Wednesday. “Leading the trend is Ghana, which has launched its domestic gold purchasing program.” According to BMI, a unit of Fitch Group, both the volume and the value of ... (full story)
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- Aug 6, 2025 9:29pm Posted byFundamental Analysis204
