{
  "id": 3197470,
  "title": "DGPP’s GH¢21.89bn ‘loss’ is accounting adjustment, not cash expense – Sources",
  "url": "https://urgent.news/2026/08/25/dgpps-gh-21-89bn-loss-is-accounting-adjustment-not-cash-expense-3197470",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-25T05:32:30.000Z",
  "source": {
    "name": "Joy Business",
    "slug": "joy-business",
    "url": "https://www.myjoyonline.com/dgpps-gh%c2%a221-89bn-loss-is-accounting-adjustment-not-cash-expense-sources/"
  },
  "original_language": "en",
  "account": "The domestic gold purchase programme (DGPP) recorded a GH¢21.89 billion loss in 2025, but this figure represents an accounting adjustment and not a direct cash expense, according to sources familiar with the program and the Bank of Ghana. The large disparity in the exchange rate used to purchase gold from miners compared to the official rate in the Bank's records accounted for most of the adjustment. When gold is acquired at market rates and recorded at the official rate, this creates the accounting adjustment. Although the program's framework stayed the same, two factors in 2025 increased the size of the adjustment: the cedi's 40.7% appreciation and the nearly doubling of gold acquisitions. The Bank of Ghana recognized a net cost of GH¢9.05 billion after deducting the government's cost share of GH¢5 billion and subtracting realized gains from gold sales. The IMF obtained the GH¢21.89 billion figure from the Bank of Ghana for its reporting, which aligns with the Bank's disclosed net cost.",
  "summary": "The GH¢21.89 billion loss recorded under the Domestic Gold Purchase Programme (DGPP) in 2025 represents an accounting adjustment rather than a direct cash expense, according to persons familiar with the programme and the Bank of Ghana (BoG).",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "MyJoyOnline Ghana",
        "title": "DGPP’s GH¢21.89bn ‘loss’ is accounting adjustment, not cash expense – Sources",
        "url": "https://urgent.news/2026/08/25/dgpps-gh-21-89bn-loss-is-accounting-adjustment-not-cash-expense",
        "published": "2026-08-25T05:32:30.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}