Sammy Gyamfi Has Not Disputed $1.7bn Loss –Minority
A fresh political storm has erupted over the financial legacy of Ghana’s Domestic Gold Purchase Programme (DGPP), with the Minority in Parliament insisting that the state must account for a reported GH¢22 billion loss, while Ghana Gold Board (GoldBod) Chief Executive Officer Sammy Gyamfi maintains that the figure cannot be attributed to the institution. The […] The post Sammy Gyamfi Has Not…
Political tensions continue to swirl around Ghana's Domestic Gold Purchase Programme (DGPP), with minority members in Parliament demanding accountability for the programme's reported loss of GH¢22 billion. However, the CEO of Ghana Gold Board, Sammy Gyamfi, maintains that the loss cannot be attributed to his institution. The controversy erupted after the Minority Leader, Alexander Afenyo-Markin, accused Gyamfi of using "crude insults" and diverting attention from the issue.
Gyamfi, in turn, dismissed the claimed loss as a "barefaced lie" and challenged Afenyo-Markin to prove the claim. The International Monetary Fund's assessment of the DGPP, released in 2025, placed the programme's losses at US$1.7 billion, equivalent to about GH¢22 billion and roughly 1.5% of Ghana's GDP.
Written by urgent.news from The Chronicle Ghana's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
