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 strategies.
The loss in 2024 was GH¢5.66 billion. In total, the bank purchased 2,914,305 fine ounces of doré gold and sold 2,895,426 fine ounces during the same year. The closing doré gold holdings as of December 31, 2025, amounted to 9,283 fine ounces.
Interest income earned on gold deposits during 2025 totaled GH¢0.047 billion. The revenue from the gold for oil programme resulted in a net loss of GH¢0.544 billion, while oil trading activities generated a net gain of GH¢0.341 billion.
The gold for oil programme was discontinued in March 2025 due to ongoing financial losses and operational challenges. This decision reflects broader issues within the energy sector and the Ghana economy.
The overall result of the programme included significant losses estimated at GHS 15 billion. Observers expect discussions among legal, political, and economic experts regarding these losses.
Viewers can expect a sharp discussion on persistent power challenges and the implications of the Bank of Ghana’s reported financial losses this weekend.
Panelists will debate whether such losses are necessary to stabilize the economy or if they signal deeper fiscal vulnerabilities within the financial system.
