GoldBod rejects GH¢1bn overdraft allegation as ‘false and malicious’
The Ghana Gold Board (GoldBod) has rejected claims by Tano North MP, Dr Gideon Boako, that the institution owes the Bank of Ghana (BoG) an unpaid overdraft of GH¢1 billion. GoldBod described the allegation as false and part of what it considers a deliberate and malicious smear campaign against the institution. In a statement, GoldBod […]
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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- GoldBod rejects GH¢1 billion overdraft allegation as false and malicious gbcghanaonline.com
