Page 36 - Bullion World Issue 9 January 2022

Bullion World | Issue 09 | January 2022

Central banks register

marginal net purchases in October

We’ve published our closely-watched central bank statistics, updated through
October 2021.1 And the latest data shows that central banks bought 2t of gold in
October, as decent buying was counteracted by sales from a handful of banks.
This is the lowest monthly total in 2021 since January’s 13t net sale.

Central bank net purchases in October were the lowest monthly total since
January *

Compared to H1, monthly central
bank buying remains muted in H2. The
sizeable and sporadic purchases which
marked the first half of the year have
*Data to 30 October 2021. been largely absent, and instead we’ve
seen more regular, modest accumulation
Source: IMF IFS, Respective Central Banks, World Gold Council
from several buyers.

Bank of Ghana to start gold purchase from small scale

miners – Bawumia

The Vice President, Dr. Mahamudu Bawumia has indicated Speaking at the maiden edition of the Responsible Small Scale
that in conjunction with the Bank of Ghana, government will Mining Awards, Dr. Bawumia revealed that “after series of
begin a gold purchase programme which will involve the deliberations, the Bank of Ghana has been persuaded to start
purchasing of gold from the small scale mining sector in the this programme which is going to be the first of it’s kind in
country. history”.

Source: https://www.myjoyonline.com

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