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Mahama The President
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Mahama The President
@CitizenTechiman
Future President of Ghana| •Digital Comms,Social and political commentator | Ndc | @jdmahama × Hon Adjare | Boss acc @AnnanPerry | RTs≠endorsement
CITIZEN Katılım Ekim 2019
665 Takip Edilen46.6K Takipçiler

President John Dramani Mahama today inspected the ongoing GETFund-supported infrastructure project at Sunyani Senior High School as part of his continued commitment to strengthening educational facilities across the country.
#MahamaThePresident
#ResettingGhana




English

Atebubu is now brighter at nights than day time. Kudos to Hon. Thomas Ayarba, MCE Atebubu-Amantin for fixing the damaged bulbs.
#AbanPapaAba




English

President John Dramani Mahama
inspects the 80km Jeninijeni-Sampa Road as part of his Resetting Ghana Tour.
#AbanPapaAba
#BigPushRoadsEverywhere
English
Mahama The President retweetledi
Mahama The President retweetledi

Mahama The President retweetledi

Mahama The President retweetledi

Mahama The President retweetledi

LAWYER SAMMY WRITES:
For those who have been unjustly attacking the Bank of Ghana for their decision to sell portions of the country’s gold holdings, as a deliberate reserve portfolio diversification measure, how do you feel about the free fall of gold prices we are currently witnessing, where the price of bullion in the last few weeks has dropped from a record-high of about $5,500/oz to about $4680/oz?
You see, gold is a proven safe haven asset. However, it is subject to significant price volatilities that pose considerable risk to reserve preservation.
This is why a middle income country like Ghana with Gross International Reserves of barely 5.7 months, ought not to over-concentrate its reserves in gold holdings but rather, diversify same across different asset classes.
In reserve portfolio management, safety and liquidity considerations are paramount. Converting portions of our gold holdings into cash and investing same to generate returns for the country, was therefore a SAFE and sensible decision by the BoG.
Simply put, the BoG converted about 22 tons of the country’s gold holdings into U.S dollars, added it to our reserves and invested it to generate returns for the country. Our reserves remained intact. No national asset was lost. And this decision has significantly minimized the impact of the recent collapse in gold prices on Ghana’s reserve position.
Kudos Dr. Asiamah and your wonderful team at the BoG. Keep up the good work for mother Ghana.

English
Mahama The President retweetledi

LAWYER SAMMY WRITES:
For those who have been unjustly attacking the Bank of Ghana for their decision to sell portions of the country’s gold holdings, as a deliberate reserve portfolio diversification measure, how do you feel about the free fall of gold prices we are currently witnessing, where the price of bullion in the last few weeks has dropped from a record-high of about $5,500/oz to about $4680/oz?
You see, gold is a proven safe haven asset. However, it is subject to significant price volatilities that pose considerable risk to reserve preservation.
This is why a middle income country like Ghana with Gross International Reserves of barely 5.7 months, ought not to over-concentrate its reserves in gold holdings but rather, diversify same across different asset classes.
In reserve portfolio management, safety and liquidity considerations are paramount. Converting portions of our gold holdings into cash and investing same to generate returns for the country, was therefore a SAFE and sensible decision by the BoG.
Simply put, the BoG converted about 22 tons of the country’s gold holdings into U.S dollars, added it to our reserves and invested it to generate returns for the country. Our reserves remained intact. No national asset was lost. And this decision has significantly minimized the impact of the recent collapse in gold prices on Ghana’s reserve position.
Kudos Dr. Asiamah and your wonderful team at the BoG. Keep up the good work for mother Ghana.
English

President John Dramani Mahama has inspected the 80-kilometre Jinijini–Sampa Road project in the Berekum West District as part of his nationwide “Resetting Ghana Tour.”
#MahamaThePresident
#ResettingGhana
English





