IMF-reported DGPP losses were necessary for economic recovery – Sagnarigu MP

The Member of Parliament for Sagnarigu, Attah Issah, has defended the costs associated with the Domestic Gold Purchase Programme (DGPP), insisting that the losses highlighted by the International Monetary Fund (IMF) were part of the sacrifices required to restore Ghana’s macroeconomic stability.“The position should therefore not be reduced to just a line, Ghana lost money by buying gold, or something like, oh, the domestic gold purchase programme has landed the country into more debt,” he said.

Mr Issah made the remarks on Citi FM on Wednesday, August 5, while responding to an IMF assessment that the expansion of the Domestic Gold Purchase Programme resulted in losses exceeding $1.