The Bank of Ghana has revealed in a response to a Right To Information (RTI) request that its Domestic Gold Purchases Programme (DGPP) recorded losses up to GHC5.66 in 2024.
The Bank, in a data issued on Monday, January 12, 2026, in response to the RTI request filed by Accra-based Asempa FM said the losses had increased from GH¢74 million in 2022 to GH¢1.37 billion in 2023, before shooting to over GH¢5 billion in 2024.
The Domestic Gold Purchases Programme was established by the erstwhile Akufo-Addo administration in June 2021 to stabilise the local currency to bolster the economy.
“The DGPP is a strategic programme that promotes currency stability, which is one of the Bank’s reserve buffers,” the Bank stated
According to the central bank, Net G40 losses, covering gold and oil transactions, and Net G4R losses, covering artisanal and small-scale mining (ASM) gold and other segments, accounted for the increments in losses.
Notwithstanding the losses, the BoG says the programme is key in stabilising the local currency.
Meanwhile, a yet to be audited account by the BoG indicate that, for 2025, 100.6 tonnes of ASM and a total of 110.99 tonnes of gold were purchased, valued at US$11.4 billion.
The RTI request had demanded the Bank of Ghana to provide
- Annual Purchase Volumes: The volume of gold purchased for each year of the G4R programme.
- Financial Value: The total value of gold purchased annually since the programme began.
- Profit/Loss Statements: A year-by-year report of all recorded profits or losses
Gov’t clears over US$1.4bn decades-old energy sector debt, boosting global credibility
