Ghana news briefing
Oppong Nkrumah demands full disclosure of BoG financing for gold purchase programme
The Ranking Member on Parliament's Economy Committee, Kojo Oppong Nkrumah, has called on the Bank of Ghana (BoG) to disclose the full amount of monetary financing provided to support the Domestic Gold Purchase Programme (DGPP), following reports of substantial losses linked to the initiative.
According to the IMF's 2026 Article IV Consultation and proposed Policy Coordination Instrument (PCI) report, the Domestic Gold Purchase Programme became a major source of foreign exchange inflows and reserve accumulation for the Bank of Ghana, although it also generated losses exceeding US$1.
His call comes after the International Monetary Fund (IMF) disclosed that the central bank's Domestic Gold Purchase Programme recorded losses exceeding **US$1.
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