GoldBod loss denial is ‘technical sleight of hand’ – Akosua Manu
Advisor on Gender and Social Protection to NPP flagbearer Dr Mahamudu Bawumia, Akosua Manu, has rejected GoldBod CEO Sammy Gyamfi’s challenge for Minority Leader Alexander Afenyo-Markin to identify a page in the institution’s accounts showing that it made a loss. In a Facebook post on Wednesday, August 19, Ms Manu argued that the challenge was […]
GoldBod CEO Sammy Gyamfi has challenged Minority Leader Alexander Afenyo-Markin to identify a specific page in the company's accounts that shows it incurred a loss. Advisor on Gender and Social Protection to NPP flagbearer Dr Mahamudu Bawumia, Akosua Manu, refuted the accusation in a Facebook post on August 19. She described the challenge as a "technical sleight of hand" meant to distract from the financial losses associated with the Domestic Gold Purchase Programme (DGPP).
According to the IMF Ghana Country Report, the programme suffered losses of over US$1.7 billion in 2025, which is equivalent to 1.5% of Ghana's GDP. Manu explained that while the losses were recorded on the Bank of Ghana's balance sheet, the central bank provided financial backing for the gold purchases, and GoldBod was responsible for executing the programme.
She also highlighted the reference to service and assay fees paid to GoldBod in the IMF report as a contributing factor to the losses. Manu accused Gyamfi of attempting to "gaslight" the public by suggesting that the losses did not belong to him. The DGPP is set to be fully transferred to GoldBod from July 1, 2026. Manu urged the public to focus on the facts surrounding the programme's financial performance and rejected the attempts to distort the figures.
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