IMF report raises fresh questions over GoldBod’s losses – IERPP’s Economist

Economic analyst Dr. Frank Bannor has questioned the losses associated with Ghana's gold-purchasing program after reviewing a 45-page International Monetary Fund (IMF) report. Dr. Bannor highlighted paragraph 14 on page 10 of the report, which revealed that GoldBod significantly lowered assay fees, service fees, and other transaction costs in the first quarter of 2026.

This reduction resulted in a drop from a reported loss of approximately 14.5% to 11.4% in just one quarter. Bannor questioned why the costs were initially so high if they could be reduced so drastically within a short period. He suggested that the management of Ghana's gold resources and the financial costs linked to the program require transparency and accountability, urging for further examination of the IMF report and its transactions.