Africa's largest gold producer grows gold reserves to $11.9 billion despite a massive $1.9 billion loss from its gold program

A new report has revealed that although Ghana's gross international reserves climbed to $11.9 billion by the end of 2025, the central bank incurred a significant loss of 22 billion cedis ($1.9 billion) that same year. This loss was linked to a special domestic program designed to buy gold from local miners to strengthen the country's financial safety net.