GoldBod now owns all the risk: What the Bank of Ghana’s exit from the Gold Programme really means

For the first time since 2021, the Bank of Ghana is no longer in the gold-buying business. In July 2026, the central bank, GoldBod, and the government signed a memorandum of understanding formally transferring Ghana's Domestic Gold Purchase Programme (DGPP) and every quasi-fiscal risk that comes with it entirely to the Ghana Gold Board