Parliament to probe disputed GH¢22bn GoldBod loss – Speaker Bagbin
By Ashiadey Dotse Speaker of Parliament Alban Bagbin says Parliament will investigate the reported US$1.7 billion, equivalent to about GH¢22 billion, loss linked to the Domestic Gold Purchase Programme (DGPP). He said the investigation would help determine whether the amount represents an actual financial loss or a cost incurred by the government in operating the […]
Parliament Speaker Alban Bagbin announced that the legislative body will investigate a reported loss of US$1.7 billion, roughly equivalent to GH¢22 billion, associated with the Domestic Gold Purchase Programme (DGPP). Bagbin highlighted that the investigation aims to ascertain whether the figure represents a genuine financial loss or a cost incurred by the government in managing the programme.
The Minority in Parliament filed a motion seeking such an inquiry, also requesting a summons for the Ghana Gold Board's CEO, Sammy Gyamfi, to clarify the transactions tied to the programme. The Speaker acknowledged receiving the motion on August 21, 2026, and affirmed Parliament's intention to consider it. Bagbin emphasized the necessity for Parliament to resolve the dispute regarding whether the loss should be classified as a financial loss or a policy cost, stating that the parliamentary process would provide lawmakers the chance to scrutinize the transactions and clarify the matter.
He further stated that Ghanaians would be given the opportunity to hear the arguments, evaluate the facts, and form their own judgments. The controversial loss has sparked debate, with differing opinions on the program's financial impact, and the parliamentary inquiry is expected to delve into the transactions to determine the origin of the reported amount.
Written by urgent.news from GBC Ghana's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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