Akwatia MP defends GoldBod, says IMF report didn’t blame it for losses
Member of Parliament for Akwatia, Bernard Bediako Baidoo, has defended the Ghana Gold Board (GoldBod) against claims that the institution incurred losses cited in a report by the International Monetary Fund (IMF). According to him, the IMF report did not attribute the losses to GoldBod, but rather linked them to operations of the Bank of […]
Akwatia Member of Parliament Bernard Bediako Baidoo defended the Ghana Gold Board (GoldBod) against accusations of incurring losses from an International Monetary Fund (IMF) report. Baidoo clarified that the IMF did not attribute the losses to GoldBod, but instead linked them to the Bank of Ghana (BoG). When questioned about the specific location of the claim in the report, Baidoo stated that the minority party, led by a respected leader, had failed to pinpoint the page or paragraph where the loss was mentioned.
The IMF report, according to Baidoo, references the losses on page 10, paragraph 13, but attributes the losses to the BoG, not GoldBod. The paragraph highlights significant losses for the BoG, including those related to the government's Gold-for-Oil programme in 2024. Baidoo accused critics of using the IMF report to damage GoldBod's reputation, stating that the report never pointed to GoldBod as the institution responsible for the losses.
He emphasized that any inquiries about the referenced losses should be directed towards the Bank of Ghana.
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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