The Bank of Ghana (BoG) has revealed that Ghana incurred losses amounting to GH¢5.66 billion under its Domestic Gold Purchase Programme (DGPP) in 2024.
The central bank made this disclosure in an official statement signed by Ernest Nii Sowah Ahulu, Acting Head of the Financial Markets Department, on Monday, January 12, 2026, in response to a Right to Information (RTI) request submitted by Philip Osei Bonsu Esq. of Asempa FM.
According to the BoG, the DGPP recorded net losses of GH¢74.44 million in 2022, GH¢1.372 billion in 2023, and GH¢5.662 billion in 2024. These losses comprise Net G4O losses and Net G4R losses arising from gold, oil, and other segments of the programme.
In 2022, losses were recorded only under Net G4O transactions, amounting to GH¢74.44 million. The following year saw Net G4O losses of GH¢317.69 million and Net G4R losses of GH¢1.054 billion.
The situation further deteriorated in 2024, with Net G4O losses escalating to GH¢1.822 billion and Net G4R losses increasing sharply to GH¢3.839 billion. The bank clarified that the figures for 2022 to 2024 are derived from final audited accounts, while those for 2025 are pending external audit confirmation.
Additionally, the total losses include ASM-related gold losses of GH¢74 million, GH¢1.52 billion, and GH¢4.84 billion for 2022, 2023, and 2024, respectively.
“The DGPP is a strategic programme that promotes currency stability, which is one of the Bank’s reserve buffers,” the Bank stated.
For 2025, 100.6 tonnes of ASM gold and a total of 110.99 tonnes of gold purchased, valued at US$11.4 billion but the numbers are pending external audit confirmation, the Bank noted.
By: Rainbowradioonline.com/Ghana
