The Bank of Ghana (BoG) has firmly refuted claims of a reported $214 million loss in its Domestic Gold Purchasing Programme (DGPP), emphasizing that the figures are premature and speculative. Amidst the controversy surrounding the performance of the DGPP, the Central Bank has stressed that its financial statements for 2025 have not yet been audited, and any claims about losses linked to gold operations remain unverified. The BoG is currently undergoing its annual external audit, a standard process required by law, and has stated that only after this audit is completed and the accounts are formally published can accurate conclusions be drawn about the financial performance of its operations, including the DGPP. The Bank has also assured the public that full disclosures, including details on gold operations, will be published once the audit is completed next year, in line with statutory requirements. Until then, the BoG insists that claims of losses remain speculative and incomplete. This clarification directly challenges public interpretations of the IMF report, which flagged potential financial losses associated with the gold programme. The BoG is suggesting that those references, for now, do not amount to confirmed losses and should not be presented as such. This distinction matters, experts say, as drawing firm conclusions without final accounts creates unnecessary alarm and misinformation. The central bank has urged the public to treat the reported figures with caution and wait for the official audit results before drawing any conclusions.
