‘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. Afenyo-Markin said the scale of the losses disclosed by the IMF raises serious questions about the performance and financial sustainability of the programme […]
Minority Leader Alexander Afenyo-Markin has condemned GoldBod, alleging that the company has failed due to losses exceeding US$1.7 billion, as revealed by an International Monetary Fund (IMF) report. The IMF's Country Report No. 26/213 states that the Domestic Gold Purchase Programme's substantial scaling up in 2025 resulted in significant financial losses, equivalent to 1.5% of Ghana's GDP.
Afenyo-Markin emphasized that these losses were not his own assessment, but rather a finding from the IMF's report on Ghana. He further criticized the hostile online attacks faced by critics of the programme, stating that they are subjected to insults and cyberbullying. The Minority Leader made these remarks on Peace FM.
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