‘You can’t call it losses today after defending it’ – Sammy Gyamfi to NPP on Gold-for-Oil Programme

Mr Gyamfi therefore questioned why the NPP was now treating financial costs associated with the Domestic Gold Purchase Programme as evidence of recklessness or mismanagement.

Speaking on Newsfile on JoyNews on Saturday, August 22, Mr Gyamfi said the NPP in responding to IMANI Africa, argued that the costs incurred by the Bank of Ghana (BoG) under the Gold-for-Oil programme represented foreign exchange liquidity support and were not evidence of financial mismanagement or corruption.

Chief Executive Officer of the Ghana Gold Board (GoldBod), Sammy Gyamfi, has accused the New Patriotic Party (NPP) of double standards in its criticism of financial costs associated with Ghana’s Domestic Gold Purchase Programme, arguing that the party previously defended similar costs incurred under the Gold-for-Oil (G4O) programme.