GoldBod losses too costly to sustain, govt plans major cut, says Bokpin

Economist Professor Godfred Alufar Bokpin says the losses associated with Ghana’s domestic gold purchase programme are too significant to sustain, despite the GoldBod’s success in bringing more gold-related foreign exchange into the country.“Government itself, together with the Gold Board and the Bank of Ghana, recognize that these losses are not sustainable going forward.”“The government intends, through the Gold Board arrangement, to reduce these losses from about 17% or 14.