‘GoldBod is failing’ – Afenyo-Markin cites IMF report on $1.7bn losses
Minority Leader Alexander Afenyo-Markin has accused GoldBod of failing, citing an International Monetary Fund (IMF) report which he says reveals losses of more than US$1.7 billion from the Domestic Gold Purchase Programme.
Ghana's Minority Leader, Alexander Afenyo-Markin, has harshly criticized the Domestic Gold Purchase Programme, stating that it is failing due to significant financial losses. According to an International Monetary Fund (IMF) report, the program has incurred over US$1.7 billion in losses, equivalent to approximately 1.5% of Ghana's GDP, as of 2025.
Afenyo-Markin emphasized that the report's findings, which detail the extensive financial setbacks, are not his own conclusion but are directly stated in the IMF's Country Report No. 26/213. He expressed concern over the programme's financial viability and sustainability, highlighting the need for serious scrutiny. Afenyo-Markin also criticized the hostile and abusive online behavior directed at individuals who question the program, asserting that such critics face personal attacks and insults.
This criticism was delivered during an appearance on Peace FM, where he underscored the urgent need for transparency and accountability regarding the Domestic Gold Purchase Programme.
Written by urgent.news from MyJoyOnline Ghana's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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