Auditor-General wasn’t given full picture of GoldBod’s GH₵22b-linked losses – Afenyo-Markin
The New Patriotic Party (NPP) Minority Caucus in Parliament on Tuesday accused the government of failing to provide the Auditor-General with the complete financial data on the Ghana Gold Board’s (GoldBod) operations. The post Auditor-General wasn’t given full picture of GoldBod’s GH₵22b-linked losses – Afenyo-Markin appeared first on Ghana Business News .
Afenyo-Markin, the Minority Leader of the NPP and MP for Effutu, has accused the government of not providing the Auditor-General with the complete financial data on GoldBod's operations. This issue may explain the discrepancy between GoldBod's reported surplus and the $1.7 billion losses identified by the IMF. Afenyo-Markin argues that some of GoldBod's transaction costs were absorbed by the Bank of Ghana and not fully accounted for in the Auditor-General's assessment.
The IMF report highlights the BoG's Domestic Gold Purchase Programme, which resulted in losses of over $1.7 billion in 2025, equivalent to 1.5% of Ghana's GDP. Afenyo-Markin calls for a broader review of GoldBod's operations, including its pricing decisions, trading volumes, and transaction costs.
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