The First Deputy Governor of the Bank of Ghana (BoG), Dr. Zakaria Mumuni, has called on bankers, traders, and market players to position themselves to tap into new opportunities emerging from Ghana’s growing commodity ecosystem.
Speaking at the CNVERGE ’25 trade and banking event in London, Dr. Mumuni said the shift from simply exporting raw commodities to strategically leveraging them for resilience, liquidity, and inclusive growth is opening fresh prospects across the financial and trading sectors.
He outlined a range of potential ventures for industry players, including structured financial products such as swaps, forwards, and futures; commodity-backed financing arrangements; innovative investment instruments like the Ghana Gold Coin; partnerships in gold aggregation, storage, and trade facilitation; and value addition along the gold supply chain.
“These are real opportunities for innovation and growth,” Dr. Mumuni noted, stressing that traders and bankers who embrace these possibilities could play a major role in strengthening Ghana’s commodity-led economic transformation.
However, he cautioned that such opportunities are not without risks. Price volatility, market speculation, and the environmental and social impacts of commodity extraction must be factored into any strategic plan. “As bankers and traders, these risk factors must be embedded into frameworks that seek to leverage commodities,” he advised.
Dr. Mumuni said Ghana’s central bank is fully committed to this new global shift, where commodities are not just sold abroad, but strategically harnessed to boost reserves, unlock financing, and spur sustainable growth.
He called for collaboration between the BoG, financial institutions, traders, and investors to ensure that commodity-driven opportunities deliver tangible benefits for businesses and communities across the country.
