The Bank of Ghana has injected $10 billion into the economy since 2025 to stabilise the exchange rate and boost foreign reserves, Governor Dr Johnson Asiama Nii Sowah Ahorlu, Head of Financial Marketing at the BoG, have revealed.
They noted that the intervention primarily involved payments to Independent Power Producers (IPPs) and bondholders as part of its broader strategy to support the market.
The two disclosed this when they appeared before the Public Accounts Committee sitting on Monday, January 12, 2026.
“Relative to last year, we have had significant intermediation processes, and that is what we have observed in terms of the stability and appreciation we have incurred. In terms of our support for the market this year, overall it has been close to $10 billion.”
Meanwhile, the bank has announced that it has
has ordered an external audit into transactions conducted under the Gold for Oil Programme between 2022 and 2024, following cumulative losses estimated at about GH¢2.2 billion.
The governor stated that the decision was taken after the bank identified several unresolved issues under the programme.
“There were quite too many issues under the Gold for Oil that we needed to unearth, and therefore the Board authorised an external audit. We obtained Public Procurement Authority approval about two months ago, and that exercise is currently underway,” Dr Asiama told the Committee.
He said the Gold for Oil Programme recorded a net loss of about GH¢74 million in 2022, which increased to GH¢317.69 million in 2023. In 2024, the programme posted a much larger net loss of approximately GH¢1.8 billion, bringing total losses over the three-year period to about GH¢2.2 billion.
He added that while the Gold for Reserves Programme did not record any net loss in 2022, it recorded losses in subsequent years.
The programme recorded a net loss of slightly over GH¢1 billion in 2023 and about GH¢3.8 billion in 2024.
By: Rainbowradioonline.com/Ghana
