Ghana’s central bank incurred losses of 22 billion cedis ($1. 9 billion) in 2025 under a domestic gold purchase program aimed at boosting the country’s foreign-exchange reserves.
Source: [Bloomberg Markets](https://www.bloomberg.com/news/articles/2026-08-05/ghana-made-1-9-billion-loss-on-gold-purchases-in-2025-imf-says)