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Minority replies Sammy Gyamfi, demands accountability over GH¢22bn GoldBod loss

The Minority in Parliament has renewed its call for accountability over a reported GH¢22 billion loss under the Domestic Gold Purchase Programme (DGPP) in 2025. The Minority Leader, Alexander Afenyo-Markin, made the call in a statement issued on Wednesday, August 19, 2026, in response to comments by the Chief Executive Officer of the Ghana Gold … The post Minority replies Sammy Gyamfi, demands…

Minority replies Sammy Gyamfi, demands accountability over GH¢22bn GoldBod loss

The Minority in Parliament has called for accountability over a reported loss of GH¢22 billion under the Domestic Gold Purchase Programme (DGPP) in 2025. This comes in response to comments made by Sammy Gyamfi, CEO of the Ghana Gold Board (GoldBod), regarding the programme. The International Monetary Fund (IMF) reported a loss of US$1.7 billion, equivalent to GH¢22 billion, under the DGPP in its August 2026 Country Report.

Alexander Afenyo-Markin, the Minority Leader, questioned GoldBod's reported operational surplus of GH¢907 million, stating that the institution earned about GH¢1 billion in fees from the programme. Afenyo-Markin argued that GoldBod cannot claim credit for programme benefits while distancing itself from reported financial losses.

Additionally, the Minority questioned the funding arrangements for related programmes, noting that responsibility for implementation costs shifted in July 2026, while GoldBod sought to raise funds independently from August.

Written by urgent.news from Ghanaian Times's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.

Also reported by 3 other outlets

Read the original at ghanaiantimes.com.gh →

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