Ghana has ended an arrangement under which the Bank of Ghana (BoG) financed the purchase of locally produced gold through the Ghana Gold Board (GoldBod), marking a significant shift in how the country finances its domestic gold aggregation programme.
GoldBod CEO Sammy Gyamfi disclosed the development on August 11, saying the institution stopped receiving funding from the central bank in March 2026 and has since moved to a self-funded model.
Under the new arrangement, GoldBod raises financing directly from commercial banks and gold offtakers to purchase and aggregate gold for export and reserve accumulation.
From central bank funding to self-financing
The arrangement dates back to Ghana’s Domestic Gold Purchase Programme (DGPP), established by the Bank of Ghana to increase its gold reserves by purchasing gold produced domestically.
