BoG Gold Sale May Reduce Losses

Bank of Ghana made about $1.3 billion profit from selling over half of its gold reserves in late 2025. The sale involved more than 19 tonnes of gold during November and December. Johnson Asiama confirmed the profit at a Monetary Policy Committee briefing. The gain came from rising global gold prices compared to earlier purchase costs. This profit could help reduce the Bank’s expected losses for the 2025 financial year.

The central bank has faced heavy losses since 2022 due to support for the government during the economic crisis. Strong cedi performance and high operational costs also added pressure in 2025. Final confirmation depends on auditors, with results expected by April 2026.

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