We have over-politicised the GoldBod loss - Dr Adu Owusu Sarkodie
He makes the point that attention should rather be focused on how to minimise the losses, not the politics of it.
The Ghana Gold Board (GoldBod) faced accusations of a GH₵22 billion loss in 2025 by the Minority Caucus in Parliament. However, the CEO of GoldBod, Sammy Gyamfi, strongly denied the claim, stating that the audited surplus for 2025 disproved the allegation. JoyNews Research examined both the International Monetary Fund (IMF) reports cited and GoldBod's audited accounts to verify the claims.
Despite the IMF report accurately mentioning a loss of over $1.7 billion (1.5 percent of GDP) due to the Bank of Ghana's Domestic Gold Purchase Programme (DGPP), the report explicitly states that this loss is attributed to the Bank of Ghana, not GoldBod. The IMF report does not indicate that GoldBod caused the loss or that the loss sits on GoldBod's books.
GoldBod's audited financial statements for 2025 show a surplus of GH₵5,443,990,347, contradicting the Minority Caucus' claim.
Written by urgent.news from Adom Online's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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