GoldBod did not record GH¢22bn loss; audited accounts show GH¢5.44bn surplus – Institute of Fiscal Policy Governance
The Institute of Fiscal Policy Governance has rejected claims that the Ghana Gold Board (GoldBod) recorded a loss of about US$1.7 billion, equivalent to roughly GH¢22 billion, in 2025.
The Institute of Fiscal Policy Governance has debunked claims that the Ghana Gold Board (GoldBod) incurred a loss of approximately GH¢22 billion in 2025. The Institute asserts that GoldBod's audited financial statements reveal a surplus of around GH¢5.44 billion for the same period, contradicting the assertions made by Minority Leader Alexander Afenyo-Markin and members of the Minority Caucus.
The Institute emphasizes that the claim lacks support from GoldBod's audited financial statements, which detail total revenue of GH¢5.55 billion and total expenditure of GH¢109.6 million, resulting in a surplus before exceptional items of GH¢5.44 billion and a surplus after exceptional items of GH¢5.443 billion.
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