PAGA raises alarm over $1.7 billion Gold Purchase losses; demands accountability and clarity on extortion claim

In its final list of demands, PAGA called for the losses to be fully accounted for and prevented from recurring, for a reconciled account to be published by the Ministry of Finance, Bank of Ghana and GoldBod, for responsible officials to be held accountable, for Mr Afenyo-Markin to respond directly, for the Minority Caucus to state its position, for Mr Gyamfi to produce his evidence, and for all relevant records to be made available for examination.7 billion loss under the Bank of Ghana’s Domestic Gold Purchase Programme in 2025, insisting the shortfall remains a cost to the Ghanaian taxpayer regardless of which state institution’s books record it.” I It called on the Presidency to publish a complete and reconciled account of the programme, state the exact loss and its location in the accounts, disclose off-takers, discounts, fees and beneficiaries, explain the key pricing and trading decisions, release relevant audited financial statements, identify and deal with the officials who approved the transactions, and introduce firm safeguards against further losses.