Minority demands answers to GH¢22bn GoldBod loss

The Caucus said per the International Monetary Fund (IMF)’s report on Ghana’s Domestic Gold Purchase Programme (DGPP), the Bank of Ghana (BoG) accumulated gold and intermediated foreign exchange to the private sector, which led to the state taking a $1.

The Minority Leader explained that the GoldBod’s own description of its mandate confirmed that it occupied a central position in Ghana's gold trading structure with exclusive authority over buying, selling, weighing, grading, assaying, valuing and exporting gold.“The losses are contained in the latest IMF report, which is the Fund’s sixth and final review of Ghana's Extended Credit Facility programme completed on July 10 this year concerning the financial consequences of the National Democratic Congress (NDC) government's domestic gold purchase programme,” it said.