GoldBod did not cause BoG’s $1.7bn loss – Sammy Gyamfi challenges IMF claims
The Chief Executive Officer of the Ghana Gold Board (GoldBod), Sammy Gyamfi, has rejected claims that the International Monetary Fund (IMF) attributed some $1.7 billion losses directly to GoldBod.
Ghana Gold Board CEO Sammy Gyamfi has challenged claims made by the International Monetary Fund that GoldBod was responsible for a $1.7 billion loss. Mr Gyamfi noted that the IMF's reports actually identified the Domestic Gold Purchase Programme (DGPP) as the cause of the losses, not GoldBod, which was formed later to take over the program's activities. The CEO urged media outlets to examine the specific IMF documents rather than attributing the loss directly to GoldBod.
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