The Bank of Ghana’s financial report reveals a staggering loss of GH¢9.05 billion from its Domestic Gold Purchase Programme in 2025, raising concerns about the sustainability of its gold purchasing strategies.
In 2024, the losses were already significant at GH¢5.66 billion. The report indicates that in 2025, the Bank purchased 2,914,305 fine ounces of doré gold but sold only 2,895,426 fine ounces.
The closing doré gold holdings as of December 31, 2025, amounted to just 9,283 fine ounces. Interest income earned on these gold deposits was only GH¢0.047 billion.
Additionally, the gold for oil programme resulted in a net loss of GH¢0.544 billion in 2025, despite oil trading activities generating a net gain of GH¢0.341 billion.
The discontinuation of the gold for oil programme in March 2025 raises questions about future strategies. The overall financial losses are estimated at GH¢15 billion, highlighting ongoing challenges in the energy sector and their impact on the Ghanaian economy.
Observers expect a sharp discussion on these financial losses this weekend as Prime Insight hosts a panel featuring legal, political, and economic experts. They will explore whether these losses indicate necessary costs for stabilizing the economy or deeper fiscal vulnerabilities.
As Dr. Johnson Asiama stated regarding the upcoming analysis: “Viewers can expect a sharp and policy-driven discussion this weekend as Prime Insight returns with a strong panel to dissect two of Ghana’s most pressing national issues—persistent power challenges and the implications of the Bank of Ghana’s reported financial losses.”
This financial review is critical as it reflects broader trends affecting Ghana’s economic stability and could influence future policy decisions.
Kwame Ofori
Ama Serwah
Evelyn Mensah