$1.9 Billion Loss for Ghana on Gold Purchases in 2025, IMF Report Reveals

Ghana's central bank suffered significant losses under its domestic gold purchase program in 2025. According to an International Monetary Fund report, the country's foreign-exchange reserves were depleted by losses of 22 billion cedis, which translates to approximately $1.9 billion.

The losses stemmed from various factors, including service fees, assay charges, and trading margins. The goal of the program was to bolster Ghana's foreign-exchange reserves, but it ultimately led to substantial financial setbacks.