IMF urges BoG to end quasi-fiscal activitiess after GH¢22bn DGPP losses 

The International Monetary Fund (IMF) has urged the Bank of Ghana (BoG) to end quasi-fiscal activities following losses recorded under the Domestic Gold Purchase Programme (DGPP).

Although the programme contributed to higher reserves, the Fund said it also imposed significant financial costs on the central bank.5 per cent of Ghana’s Gross Domestic Product (GDP), weakening the central bank’s financial position.