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GoldBod had ‘design defects’ that could have been avoided – Prof Bokpin

By GhanaSummary Newsroom1 min read
GoldBod had ‘design defects’ that could have been avoided – Prof Bokpin

“The reason I’m saying so is that the government itself, together with the Gold Board and the Bank of Ghana, recognize that these losses are not sustainable going forward.”“Macroeconomic stability comes from essentially fiscal and monetary, which is the Bank of Ghana and all of that, so we cannot say that when it comes to macroeconomic stability, which essentially is the work of the Bank of Ghana and then the fiscal side, the Ministry of Finance, the Gold Board can take that benefit.”He said better planning and expert input could have reduced the losses associated with the domestic gold purchase programme.

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