In an interview on Thursday, January 8, 2026 Dr Boako said the IMF report, dated September 2025, highlighted trading losses from the Gold for Reserve programme and associated intermediation activities. “The $214 million loss is from GoldBod’s trading activities. Dr Boako attributes this new loss to the additional six tonnes of gold in the Bank of Ghana vault. This is why Dr Boako strongly believes the auditors of BoG will value the reserve gold at a rate lower than how much it was purchased for, leading to exchange losses. According to Dr Boako, without adjustments to the exchange rate regime, further financial strain on the Bank of Ghana and GoldBod is inevitable.

Source: GhanaWeb January 10, 2026 13:50 UTC