IMF report reveals $1.7 billion BoG gold purchase losses – 8 times higher than the previously reported $214 million

WIRE — It has emerged that losses from the Bank of Ghana's Domestic Gold Purchase Programme, implemented through GoldBod, were far greater than initially disclosed. According to IMF Country Report No. 26/213 on Ghana, prepared as background documentation for the 2026 Article IV Consultation, the widely reported US$214 million loss in 2025 represented only a small fraction of the total loss to the central bank.

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