IEA rejects alleged GH¢1.7bn GoldBod loss
The Institute of Economic Affairs (IEA) has rejected the attribution of a GH¢1.7 billion loss under the Bank of Ghana’s Domestic Gold Purchase Programme to the Ghana Gold Board (GoldBod). The Institute said much of the figure represents revenue and foreign-exchange valuation differences rather than an actual loss to the institution. Professor Alexander Bilson Darku, […]
The Institute of Economic Affairs (IEA) has dismissed allegations that the Bank of Ghana’s Domestic Gold Purchase Programme resulted in a GH¢1.7 billion loss to the Ghana Gold Board (GoldBod). Prof. Alexander Bilson Darku, Director of Research at the IEA, stated that the majority of the reported figure is due to revenue and foreign-exchange valuation differences, not an actual loss to GoldBod.
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