The report, titled "Evaluating the Macroeconomic Effects of the Ghana Gold Board" (GoldBod), presents an analytical view of GoldBod’s centralised gold purchasing and export framework in safeguarding the sector. Formalisation benefits far exceed BoG’s reported loss.”Addressing concerns about the Central Bank’s reported losses, the report emphasised that the figures had been misrepresented. It argued that GoldBod should be widely viewed as a macroeconomic stabilization mechanism rather than a profit-making venture. “GoldBod should be regarded not as a profit-driven trading entity, but as a tool for macroeconomic stabilisation and formalisation. “GoldBod has delivered substantial, measurable macroeconomic benefits that exceed its narrow accounting costs.

Source: GhanaWeb January 12, 2026 10:58 UTC