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Ghana’s gold-for-reserves program avoided economic loss despite a $214M accounting hit, aiming for long-term stability and growth.
Ghana’s central bank did not suffer an economic loss from its gold-for-reserves program, despite a reported $214 million accounting loss.
The program aimed to capture more value from gold exports, reduce reliance on foreign borrowing, and strengthen reserves—goals that outweigh short-term financial costs.
Much of Ghana’s gold was previously lost to smuggling, and the policy’s success should be judged by long-term benefits like currency stability and economic growth, not just profit or loss.
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El programa de oro para reservas de Ghana evitó pérdidas económicas a pesar de un golpe contable de $ 214 millones, con el objetivo de lograr estabilidad y crecimiento a largo plazo.