GoldBod owes BoG unpaid GH¢1bn overdraft – Gideon Boako

Tano North MP and Deputy Ranking Member on Parliament’s Finance Committee, Dr Gideon Boako, has claimed that the Ghana Gold Board (GoldBod) owes the Bank of Ghana (BoG) about GH¢1 billion in overdraft, arguing that the outstanding liability should be considered when assessing the institution’s reported financial performance.

His comments follow claims by GoldBod that the institution recorded a profit of about GH¢907 million, amid an ongoing dispute over the reported GH¢22 billion loss associated with the Domestic Gold Purchase Programme (DGPP).

The Minority has been demanding greater transparency over the programme’s reported losses, while GoldBod has maintained that its own financial performance should be distinguished from losses recorded on the Bank of Ghana’s balance sheet.