GoldBod dismisses NPP’s forex allegations as ‘fishing expedition on desert’
The Ghana Gold Board (GoldBod) has dismissed allegations by the opposition New Patriotic Party (NPP) that it is unlawfully engaging in foreign exchange sales without the authorisation of the Bank of Ghana (BoG).
The Ghana Gold Board (GoldBod) has dismissed allegations from the opposition New Patriotic Party (NPP) that it is illegally conducting foreign exchange sales without authorization from the Bank of Ghana (BoG). Dr Mohammed Amin Adam, leader of the NPP's Policy Coordinating Committee on Finance and Economy, questioned whether GoldBod has the legal right to engage in foreign exchange trading and auctions.
Prince Kwame Minkah, the Media Relations Officer of GoldBod, told Joy FM's Top Story on Tuesday, September 1, that the institution's foreign exchange operations are fully in line with the central bank's regulatory framework and have received the necessary regulatory sign-off. Minkah questioned the basis of the allegations, accusing the NPP of moving the goalposts with its scrutiny of GoldBod, saying, "They keep changing the goalposts from one issue to the other."
He emphasized that the doors of GoldBod are open to any investigation and defended the institution's $1.4 billion operational target, which is based on the Ghana Annual Multilateral Reserve Accumulation Programme (GAMRAP).
Written by urgent.news from MyJoyOnline Ghana's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
This story
This is one outlet's version. Read the fullest account.
