Ghana's Central Bank Posts $1.9 Billion Loss on Gold Purchase Plan in 2025

According to Jin10, Ghana's central bank suffered losses of 22 billion cedis (approximately $1.9 billion) in 2025 from its domestic gold purchase plan designed to boost foreign exchange reserves, according to an International Monetary Fund report. The losses stemmed from service fees, gold assay costs, and trading spreads. Despite these losses, the program helped Ghana increase its total international reserves by $3.9 billion to $11.9 billion by end-2025, though the IMF noted the transaction losses expanded the central bank's negative asset position to 6.7% of GDP.
Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.
Comment
0/400
No comments