The Bank of Ghana disputed that number at the time, and the scale of the losses continued to climb as the central bank closed its books on the year. The gold losses had direct consequences for Ghana's IMF programme. Doré gold purchases have been conducted by GoldBod since April 1, and from July 1 the government assumed 100% of the programme's costs, replacing the central bank. Under the DGPP, the Fund said, the central bank incurred losses equal to 15.3% of gross gold purchases, about half stemming from buying gold at the more expensive forex-bureau exchange rate. Gold has become the backbone of Ghana's external accounts, with artisanal and small-scale exports surging to $10.9 billion, or 9.5% of GDP, in 2025.