Business News of Monday, 29 December 2025Source: www.ghanaweb.comThe Chamber of Licensed Gold Buyers (CLGB) has responded to the International Monetary Fund's (IMF) report of provisional losses of about US$214 million under Ghana’s Gold-for-Reserves (G4R) program. According to the Chamber, the figures relate to the Bank of Ghana’s balance sheet, not the operations of licensed gold buyers or the Ghana Gold Board (GoldBod) directly. In a statement sighted by GhanaWeb Business, the CLGB, which represents tiered licensed gold buyers operating under the GoldBod aggregation model, said the reported losses largely reflect timing gaps, international gold price volatility, and operational execution challenges. “Gold sector reforms must be anchored not only in national interest, but also in sound commercial design and risk management. Meanwhile, the Ghana Gold Board (GoldBod) has dismissed the IMF’s assertions, insisting that the report misrepresents both the structure and execution of the Gold-for-Reserves programme.

Source: GhanaWeb December 29, 2025 15:27 UTC