Insulting Afenyo-Markin is not the explanation for the $1.7bn GOLDBOD losses - Ahiagbah

The Minority Leader, Alexander Afenyo-Markin, and the Minority in Parliament are demanding accountability from the management of GOLDBOD and the Bank of Ghana for losses associated with the Domestic Gold Purchase Programme (DGPP). The reported losses amount to GH¢22 billion, equivalent to about US$1.7 billion.

According to MyJoyOnline Ghana, the International Monetary Fund (IMF) has called for stronger governance and transparency in the DGPP, citing significant losses for the central bank and pressure on its balance sheet. The IMF Resident Representative in Ghana, Dr. Adrian Alter, noted that the programme's financial costs have contributed to a deterioration in the Bank of Ghana's financial position.

The Speaker of Parliament, Alban Sumana Kingsford Bagbin, has indicated that he will admit a motion filed by the Minority seeking a parliamentary inquiry into the reported losses. However, he has ruled that the motion cannot be debated during Parliament's ongoing emergency sitting, as the House was recalled for specific business outlined by President John Dramani Mahama.

Brief written by urgent.news from 3News, MyJoyOnline Ghana, Adom Online — 3 reports on this story. Machine-written — may contain errors; check the original before relying on it.