Senyo K. Hosi, Entrepreneur, Finance & Economic Policy Analyst, says the reported US$214 million cost associated with Ghana’s Domestic Gold Purchase Programme (DGPP) should not be described as a loss.
He argues that it represents a deliberate economic policy investment with measurable national benefits.
He explains that in public policy, outcomes such as currency stability, reserve accumulation, and inflation control matter more than accounting entries.
“An accounting or financial loss is not the same as an economic loss,” Hosi notes, stressing that policy interventions must be evaluated based on their objectives.
According to Hosi, GOLDBOD was established to centralise Ghana’s gold trade, optimise foreign exchange inflows, and support the Bank of Ghana’s reserve accumulation strategy.
These goals, he says, have largely been achieved within the programme’s first year.
He points to strong macroeconomic indicators in 2025, including improved reserves, a stabilised cedi, and reduced inflation, as evidence that the DGPP is delivering value.
“Not all loss is loss, and not all profit is benefit,” Hosi argues.
Hosi concludes that focusing solely on the US$214 million cost risks ignoring the broader economic gains delivered by the policy.
“We must look at value, not just price,” he says.
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Source: www.myjoyonline.com