IMF says Bank of Ghana's 2025 domestic gold buying program lost $1.9 billion, pushing negative equity to 6.7% of GDP.
- Ghana's central bank incurred a $1.9 billion loss in 2025 due to its domestic gold buying program, significantly impacting its balance sheet and pushing negative equity to 6.7% of GDP.
- The program, managed by GoldBod, aimed to strengthen foreign-exchange reserves but faced costs from service fees, assay charges, and trading margins.
- Responsibility for the program has since shifted to GoldBod and the national budget, increasing transparency for investors regarding the costs associated with Ghana's gold reserves.
Topics: Asset types, Jurisdictions, Risk default, Alternative assets, Emerging hubs, Credit counterparty risk
Tags: #bankofghana #goldpurchases #internationalmonetaryfund #imf #foreignexchangereserves #negativeequity #goldbod #artisanalminers #centralbankbalancesheet #investorrisk
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