macro

IMF urges tighter controls over GoldBod programme amid concerns over BoG losses - MyJoyOnline

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DW NOTE

The IMF's concern over Bank of Ghana losses from the GoldBod programme is unusually pointed for a Fund that typically praises African central banks for "structural reforms." When the IMF questions the fiscal cost of a domestic gold accumulation scheme, read it as: the programme has become expensive enough to threaten the next tranche of concessional lending. Ghana's gold reserves are up, but so is the liability side of the BOG balance sheet.

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Hedge Funds Pile Into Fuels as U.S. Supply Squeeze Deepens

For the first four months of the war between the United States and Israel and Iran, oil traders remained largely bearish. The overwhelming expectation was that the war would end soon—even as July rolled around—and oil flows out of Hormuz would recover. Instead, the world is slipping into a fuel shor

IMF urges tighter controls over GoldBod programme amid concerns over BoG losses - MyJoyOnline

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Hedge Funds Pile Into Fuels as U.S. Supply Squeeze Deepens

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