The Bank of Ghana (BoG) has responded to a Right to Information (RTI) request filed by Asempa FM host, Philip Osei Bonsu (OB) on Wednesday, January 7, 2026, providing detailed data on the Domestic Gold Purchase Programme (DGPP), which began in June 2021.
OB’s RTI sought clarity on gold purchase volumes, total values, and recorded profits or losses under the programme amid public discussions and reports from the International Monetary Fund suggesting potential losses exceeding US$214 million during the first nine months of 2025.
The move came after the New Patriotic Party (NPP), led by Kojo Oppong Nkrumah, accused the Ghana Gold Board (GoldBod) of incurring significant losses, sparking questions about the true performance of the DGPP.
In its response on Monday, January 12, 2026, BoG provided figures showing that gold purchases under the DGPP rose from 3.47 tonnes in 2022 to 110.99 tonnes by 2025, with an estimated total value exceeding US$11 billion.
According to BoG, net losses recorded were GHS 74.44 million in 2022, GHS 1,372.53 million in 2023, and GHS 5,662.14 million in 2024. Figures for 2025 are pending external audit confirmation.
BoG clarified that these losses include both gold and oil transactions, as well as contributions from artisanal and small-scale mining (ASM).
The central bank emphasized that the reported losses largely reflect accounting adjustments rather than actual cash deficits.
BoG noted that the DGPP, alongside GoldBod’s operations—which generated a surplus of over GH₵960 million in 2025—has been key to strengthening Ghana’s foreign exchange reserves and stabilizing the cedi, which appreciated by 40% over 2025.
BoG stressed that the DGPP remains a strategic tool for currency stability, economic resilience, and long-term foreign exchange management.
Below is a copy of the document
Source: Starrfm.com.gh
