Ghana Made $1.9 Billion Loss on Gold Purchases in 2025, IMF Says

Ghana's central bank incurred losses of 22 billion cedis ($1.9 billion) in 2025 under a domestic gold purchase program designed to increase foreign-exchange reserves, according to the International Monetary Fund. The program involved the central bank purchasing gold from local miners at prices above market rates. The IMF assessment was included in a report on Ghana's economic performance during the year.

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