Ecofin Agency·3 min read·hard
IMF Questions Cost of Ghana's Central Bank Gold Purchases Despite Reserve Gains
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Ecofin Agency
✦AI Summary
The IMF reported that the Bank of Ghana incurred $1.9 billion in operating losses in 2025 due to a gold-purchasing program from artisanal miners. Despite these costs, the initiative successfully helped the country rebuild its foreign exchange reserves and lower inflation.
email facebook linkedin twitter Whatsapp The IMF said the Bank of Ghana incurred operating losses of $1.9 billion in 2025 from purchasing gold from artisanal miners, with transaction costs absorbing 14.5% of the value of acquired gold.
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