DGPP’s GH¢21.89bn ‘loss’ is accounting adjustment, not cash expense – Sources

89 billion loss recorded under the Domestic Gold Purchase Programme (DGPP) in 2025 represents an accounting adjustment rather than a direct cash expense, according to persons familiar with the programme and the Bank of Ghana (BoG).05 billion represents the net cost borne by the Bank of Ghana and is the amount recognised in its profit and loss account.

JOYBUSINESS understands that the adjustment largely arose from the difference between the exchange rate used to acquire gold from miners and the official rate at which the gold was recorded in the Bank’s books.