The Bank of Ghana (BoG) has revealed that the country’s Domestic Gold Purchase Programme (DGPP) racked up GH¢5.66 billion in losses during 2024.
This information came in an official statement signed by Ernest Nii Sowah Ahulu, Acting Head of the Financial Markets Department, issued on Monday, January 12, 2026. It responds to a Right to Information (RTI) request filed by Asempa FM’s Philip Osei Bonsu Esq.
BoG data shows the DGPP posted net losses of GH¢74.44 million in 2022, GH¢1.372 billion in 2023, and GH¢5.662 billion in 2024. These figures break down into Net G4O losses and Net G4R losses from gold, oil, and related programme segments.
In 2022, losses stemmed solely from Net G4O transactions at GH¢74.44 million. By 2023, Net G4O losses climbed to GH¢317.69 million, with Net G4R losses adding GH¢1.054 billion. The trend accelerated in 2024, as Net G4O losses jumped to GH¢1.822 billion and Net G4R losses surged to GH¢3.839 billion.
The figures for 2022–2024 draw from final audited accounts, while 2025 data awaits external audit. Total losses also encompass ASM-related gold losses of GH¢74 million in 2022, GH¢1.52 billion in 2023, and GH¢4.84 billion in 2024.
Launched in June 2021 to bolster currency stability, the DGPP serves as a key reserve buffer for the central bank. “The DGPP is a strategic programme that promotes currency stability,” BoG stated, defending it as an essential stabilising tool despite the mounting losses.
For 2025, preliminary figures show 100.6 tonnes of ASM gold purchased, plus 110.99 tonnes total valued at US$11.4 billion—pending audit confirmation.
Story by: Mercy Addai Turkson #ahotoronline.com