16 h. ago Ghana Gold Board Faces Scrutiny Over Financial Sustainability Concerns

News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/ghana-gold-board-faces-scrutiny-over-financial-sustainability-concerns/The Ghana Gold Board (GoldBod) is at the center of intense debate over its financial operations and risk management as the Bank of Ghana prepares to exit artisanal gold trading on January 1, 2026. The controversy intensified following the International Monetary Fund (IMF) Fifth Review report on Ghana’s Extended Credit Facility programme, which disclosed that […] News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/ghana-gold-board-faces-scrutiny-over-financial-sustainability-concerns/

Politics

62 h. ago Civil Society Leader Says Gold Programme Loss Claims Miss Bigger Picture

News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/civil-society-leader-says-gold-programme-loss-claims-miss-bigger-picture/Civil society activist Dr. Steve Manteaw has challenged the narrative surrounding reported 214 million dollar losses in the Bank of Ghana’s (BoG) domestic gold purchase programme, arguing that focusing solely on operational costs while ignoring macroeconomic benefits distorts the programme’s actual impact. The natural resource governance expert maintains that critics and some analysts are fixating […] News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/civil-society-leader-says-gold-programme-loss-claims-miss-bigger-picture/

Politics

63 h. ago Central Bank Calls Gold Loss Reports Premature and Unverified

News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/central-bank-calls-gold-loss-reports-premature-and-unverified/The Bank of Ghana has rejected claims of losses from its gold operations, describing the figures circulating publicly as speculative while its annual external audit remains incomplete. In a Thursday statement, the central bank emphasized that its 2025 financial statements have not yet been audited. The Bank of Ghana said any assertions about losses linked […] News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/central-bank-calls-gold-loss-reports-premature-and-unverified/

Politics

63 h. ago Economist Challenges Central Bank Over Gold Programme Losses

News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/economist-challenges-central-bank-over-gold-programme-losses/An economist has questioned the Bank of Ghana and the Ghana Gold Board’s dismissal of reported losses from the country’s gold operations, citing contradictions with International Monetary Fund disclosures in a sharply worded public statement. Frank Bannor, senior research fellow at the Institute of Economic Research and Public Policy (IERPP), challenged the central bank’s Thursday […] News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/economist-challenges-central-bank-over-gold-programme-losses/

Politics

65 h. ago Does Goldbod owe BoG US$214m, or has BoG lost US$214m? A policy and financial risk analysis

Introduction Ghana’s Gold-for-Reserves (G4R) and Domestic Gold Purchase Programme (DGPP) have been celebrated as innovative strategies to strengthen Ghana’s reserves, reduce reliance on foreign exchange borrowing, and curb illicit gold exports. At the heart of these initiatives is the Ghana Gold Board (GoldBod), established in 2025 to support the accumulation of gold reserves by the […]

Economics

67 h. ago BoG says IMF praises Ghana’s macroeconomic gains, gold loss claims speculative

The Bank of Ghana says Ghana’s macroeconomic performance has been strongly endorsed by the International Monetary Fund (IMF) following the successful completion of the fifth review of the Extended Credit Facility (ECF)-supported programme on December 17.

Politics

3 d. ago Reported losses from gold operations in 2025 remain speculative – BoG

The Bank of Ghana has maintained that figures reported in relation to losses from gold operations in 2025 should be described as speculative.

Politics

3 d. ago BoG set to exit gold trading business, describes IMF’s losses tag as premature

The Bank of Ghana is set to exit the gold trading business from January 1, 2026. This is what JOYBUSINESS has picked up from persons with knowledge of the activity at the Central Bank.

Politics

4 d. ago Analysis: How GoldBod’s operations led to a $214 million loss at the BoG

The IMF has confirmed that the Bank of Ghana has incurred some losses through the Gold for Reserves programme implemented via the Ghana Gold Board.  In its 5th review of Ghana’s ongoing IMF programme, the Fund disclosed that losses from the artisanal and small scale doré gold transactions under the programme had reached $214 million […]

Economics

4 d. ago IMF Report Discloses US$214 Million Losses from Gold for Reserves Programme

News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/imf-report-discloses-us214-million-losses-from-gold-for-reserves-programme/Operational costs from Ghana Gold Board (GoldBod) alongside trading shortfalls have driven losses under the Bank of Ghana’s (BoG) Gold for Reserves (G4R) programme to US$214 million within the first nine months of 2025, according to the International Monetary Fund’s (IMF) Fifth Review report. The disclosure is contained in the IMF staff report on Ghana’s […] News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/imf-report-discloses-us214-million-losses-from-gold-for-reserves-programme/

Economics

5 d. ago Afreximbank provides US$750 million financing to Heirs Energies for field development

News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/afreximbank-provides-us750-million-financing-to-heirs-energies-for-field-development/The African Export Import Bank (Afreximbank) has entered into a 750 million United States dollars financing partnership with Heirs Energies Limited in a deal expected to strengthen Nigeria’s domestic energy supply and support the company’s oil and gas expansion programme. The financing structured as a dual tranche senior secured reserve based lending facility was signed […] News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/afreximbank-provides-us750-million-financing-to-heirs-energies-for-field-development/

Economics

2 w. ago Asante Gold Reports US$217.8 Million Loss Amid Production Challenges

News Ghana, Latest Updates and Breaking News of Ghana, Roger A. Agana, https://www.newsghana.com.gh/asante-gold-reports-us217-8-million-loss-amid-production-challenges/Asante Gold Corporation recorded a net loss of 217.8 million dollars for the three months ending October 31, 2025, as equipment mobilization delays constrained gold production at its Ghanaian operations. The Vancouver based mining company filed financial statements on December 11 showing comprehensive loss attributable to shareholders reached 215.2 million dollars in the third quarter […] News Ghana, Latest Updates and Breaking News of Ghana, Roger A. Agana, https://www.newsghana.com.gh/asante-gold-reports-us217-8-million-loss-amid-production-challenges/

Economics