Congratulations to the New Patriotic Party on the successful election of its National Executives.
As the new leadership assumes office, I wish them well and look forward to an opposition that will hold government accountable, offer constructive alternatives, and put Ghana’s national interest first.
Our democracy is stronger when both government and opposition play their roles responsibly.
Eric Edem Agbana, MP
Ketu North Constituency.
It turns out the Bank of Ghana lost far more on its domestic gold purchasing programme, implemented through GoldBod, in 2025 than was initially reported.
The 214 million dollars that generated so much discussion was only a fraction of the total. According to the latest disclosures in the IMF report, the Bank of Ghana recorded losses of about 1.7 billion dollars on the programme in 2025, compared with about 400 million dollars in 2024. In effect, the Bank of Ghana lost about 14.5 dollars for every 100 dollars worth of gold purchased in 2025.
To be fair, roughly half of those losses arose from the exchange rate differential between the Bank of Ghana’s accounting exchange rate and the forex bureau rate used to purchase gold from artisanal and small-scale miners.
Even after accounting for that, the losses remain substantial. They are large enough to erode GoldBod’s trading capital and create significant fiscal risks, particularly now that the government intends to make budgetary provisions to support GoldBod’s operations. The government says it will reduce the cost to 5 dollars for every 100 dollars worth of gold purchased. We will have to monitor whether that target is achieved.
In my view, Goldbod also needs to maintain a permanent discount on ASM gold purchases to help offset some of these trading costs. The prices paid for ASM gold are currently among the highest in the region. At the same time, the ASM sector contributes very little in taxes despite accounting for the majority of Ghana’s gold exports, while the environmental destruction from illegal mining continues.
As it stands, we are paying premium prices for galamsey gold while bearing much of the environmental and fiscal cost.
Nine months after the Ministry of Lands and Natural Resources revoked the lease of a licensed mining company in Prestea-Huni Valley, the mine is now being fully operated by a group of illegal miners connected to the governing National Democratic Congress (NDC).
Led by Ebenezer Amemegakpor, an NDC activist in the Prestea-Huni Valley Constituency, the illegal miners took over RMG Mining Company’s Apinto concession in March 2025 after National Security stormed the underground mine.
READ MORE FROM: https://t.co/v3Sz4brv58
At 34 years old, Juventus paid €100 million for Cristiano Ronaldo.
He went on to score over 100 goals, won multiple trophies, and produced one of the greatest Champions League nights ever with that hat-trick against Atlético Madrid.
But apparently I’m supposed to erase all of that because Messi beat Jordan, cheated his way against Egypt and Cape Verde, then picked up a couple of assists against England.
This is the biggest non-crisis loss in BoG history
A GH¢15.6bn loss (over GH¢34bn in reality) without a crisis. This is a major failure!
There has been no crisis to manage since the government took office, so there is no excuse for these losses.
No COVID. No banking collapse. No global cost of living crisis. No debt crisis. NPP fixed all the crisis by 2024 and left GDP growth of 5.8%. NDC inherited stability and gold for forex and are squandering it.
They have reversed the recovery plan NPP handed to them.
Under NPP, losses were falling. Now they have spiked. The recovery path has been destroyed in just one year.
see the figures:
2023: GH¢13.23bn
2024: GH¢9.49bn
Now 2025: GH¢15.63bn
That is regression.
If it continues like this we may never leave IMF program or return quickly by 2028.
After selling 18 tonnes of gold built under NPP, they still posted record losses. They are only consuming buffers, not building value.
NPP, using a Bawumia initiative, built the gold strategy which the NDC happily and speedily adopted but are misusing.
The gold policy was designed to stabilise and strengthen the economy. But, it must be supported by measures to stimulate growth for jobs and prosperity.
NDC is using it as a crutch for just the optics, and not a tool for growth. Settings will make you look good but not forever when businesses are suffering.
Yes, the cedi looks stable, but:
• Businesses are choking
• Liquidity is tight
• Incomes are shrinking
• Lights are off
• Manufacturing is low
• Cocoa farmers are owed huge payments
• Teacher trainees are fed once a day instead of three meals
• Teachers and nurses have worked for more than a year without salary
This is cosmetic stability, plenty of makeup over real hardship. A government of pure optics.
These losses are self-inflicted. Home-grown. Nothing external changed. The only variable is bad policy decisions.
They are draining the system while people suffer. Liquidity costs have doubled, yet businesses cry there is no money in the system. This is a policy designed to benefit a very selective few and working against the real economy and so while BoG loses, some individuals and banks gain.
The central bank is bleeding, while commercial banks are profiting. Yes, banks making profit but by policies that make them support businesses and the real economy.
Credibility of this government is collapsing. A central bank’s power is trust and discipline. Both are now eroded by poor decisions and weak governance and decisions taken by politicians for self interest.
Let us remember. This is the biggest non-crisis loss in BoG history and after inheriting stability from the NPP
That is the NDC record unfolding right before our eyes but it is not surprising because "deɛ yɛnim no awia no, yɛnsɔ kanea nhwɛ anim anadwo".
If we are not careful they will destroy the legacy NPP left them by introducing gold as an anchor for currency and other macroeconomic stability.
They are failing in implementing Bawumia’s blueprint. It is scary!
Great to see leaders from the U.S. and Ghana unite in Accra! Our nations are celebrating decades of partnership and collaboration. Here's to continuing our strong bond and creating a brighter future for all!
#Ghana#Teamwork
🚨 JUST IN: Gen. Dan Caine says it LOUD AND CLEAR for the whole world to hear
"A filled promise made to EVERY American warfighter that YOU will not be left behind. We will ALWAYS come find you and we will always bring you home!"
It makes America, America 🇺🇸
I am so damn proud to be an American right now.
We will go to the end of the earth to save one of us.
That’s what makes our civilization superior to those that celebrate death.
Bless the heroes who brought their fellow hero home.