Commodities
Ghana Incurs $1.9 Billion Loss on Gold Purchases in 2025
Ghana's central bank has revealed significant losses under its domestic gold purchase program aimed at boosting the country's foreign-exchange reserves.
The International Monetary Fund reported that Ghana incurred a loss of $1.9 billion in 2025, primarily due to service fees, assay charges, and trading margins.
The losses were incurred as part of the central bank's efforts to acquire gold domestically, with the goal of boosting foreign-exchange reserves.