Ghana's Gold Purchase Program Ends with $1.9 Billion Loss

Ghana's central bank has taken a significant hit in its gold purchase program. According to an International Monetary Fund report, the bank incurred losses of $1.9 billion in 2025 under the domestic gold purchase program aimed at boosting the country's foreign-exchange reserves.

The losses stemmed from service fees, assay charges, and trading margins, highlighting the challenges faced by the central bank in executing its strategy to boost foreign exchange reserves.