The International Monetary Fund (IMF) has disclosed that Ghana’s Domestic Gold Purchase Programme generated losses exceeding US$1.7 billion in 2025, significantly higher than the previously reported US$214 million.
According to IMF Country Report No. 26/213, prepared as part of the 2026 Article IV Consultation on Ghana, the US$214 million figure represented only a small portion of the overall financial losses incurred by the Bank of Ghana (BoG).
The report revealed that the rapid expansion of the Domestic Gold Purchase Programme in 2025 resulted in losses of more than US$1.7 billion, representing approximately 1.5% of Ghana’s Gross Domestic Product (GDP).
The IMF attributed the losses almost entirely to Gold for Reserves (G4R) doré gold purchases, noting that the transactions resulted in a loss equivalent to 17% of the value of the doré gold sold by the Bank of Ghana.
The findings raise fresh concerns about the financial impact of Ghana’s gold reserve acquisition strategy and its implications for the country’s central bank and broader economy.
Source: newsthemegh.com