GoldBod rejects GH¢1 billion overdraft allegation as false and malicious
The Ghana Gold Board (GoldBod) has rejected a claim that it owes the Bank of Ghana (BoG) an unpaid overdraft of GH¢1 billion, describing the allegation as “totally false” and part of what it calls a deliberate and malicious smear campaign against the institution. In a statement signed by its Media Relations Officer, Prince Kwame […]
The Ghana Gold Board (GoldBod) has dismissed allegations by Tano North MP, Dr Gideon Boako, claiming the institution owes the Bank of Ghana (BoG) GH¢1 billion in unpaid overdraft as false and part of a malicious smear campaign. In a statement, GoldBod stated that it has never taken any loan, overdraft or other debt instrument from the Bank of Ghana or any financial institution since its establishment.
The institution emphasized that the claim made by Dr Boako is contrived and demanded an apology and retraction. The dispute arises as the GoldBod faces scrutiny over its financial performance and reported losses associated with the Bank of Ghana's Domestic Gold Purchase Programme.
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