Ghana news briefing
Gideon Boako: GoldBod books must be stretched to establish true nature of reserves support
He also questioned whether the Bank of Ghana was still financing GoldBod despite its stated intention to exit the funding scheme, and asked GoldBod to provide clarity on the reported GH¢5 billion commitment from the Ministry of Finance and how much of it had so far been used for gold purchases.
The Tano North Member of Parliament (MP), Dr Gideon Boako, has called for closer scrutiny of the books of the Ghana Gold Board (GoldBod) to determine the true nature of the reported $1.
According to the MP, the financing structure is particularly important because GoldBod’s ability to direct dollar proceeds towards reserves would depend on the source of the funds used to purchase the gold.
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