GoldBod did not record GH¢22bn Loss – Institute of Fiscal Policy Governance rejects Minority’s claim as propaganda

It therefore called on the Minority to either produce audited evidence demonstrating that GoldBod incurred the alleged GH¢22 billion loss or stop presenting losses or costs attributed to the Bank of Ghana’s programme as losses recorded by GoldBod.” The Institute challenged the Minority to produce an audited schedule establishing the alleged GH¢22 billion loss, a transaction-by-transaction reconciliation, an Auditor-General’s finding confirming the loss, or accounting entries showing the amount as a liability or trading loss attributable to GoldBod.

The Institute maintained that the existence of the government grant does not alter GoldBod’s reported financial result or support the claim of a GH¢22 billion loss.