Ghana 72nd on gold holdings ranking

72444594.295Ghana is 72nd on the World Official Gold Holdings table compiled using latest data from the International Financial Statistics (IFS) of the International Monetary Fund (IMF) for December 2015.

The gold holdings table provides information on each country’s gold reserves and the proportion this represents of their total external reserves.

Ghana is 72 out of 100 countries with 8.7 tonnes representing 7.0% of reserves.

IFS data are two months in arrears, so holdings are as of October 2015 for most countries, September 2015 or earlier for late reporters. The table does not list all gold holders: countries, which have not reported their gold holdings to the IMF in the last six months are not included, while other countries are known to hold gold, but they do not report their holdings publicly. Where the World Gold Council (WGC) knows of movements that are not reported to the IMF or misprints, changes have been made.

The value of gold holdings is calculated using the end of month London PM fix gold price published daily by The London Gold Market Fixing Ltd. In October, the end of month gold price was $1142.35.

source: ghanaweb.com

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