‘State entities need to sit up’ — Policy analyst applauds GoldBod for trade report transparency
The Ghana Gold Board (GoldBod) has come under the spotlight for making its detailed 2025 gold trading reports publicly available, with policy analyst Alfred Appiah describing the disclosure as an example of the level of transparency expected of state institutions.
Policy analyst Alfred Appiah has praised the Ghana Gold Board (GoldBod) for its transparency in releasing detailed 2025 gold trading reports. In a September 22 post on X, Appiah highlighted the reports' inclusion of weekly breakdowns of funds from the Bank of Ghana, the expected and actual gold supply, and the resulting variances.
He referred to GoldBod as "the new kid on the block" when discussing transparency among state entities. The reports, available on GoldBod's website, cover transactions between the Board and the central bank for 2025, showing a variance of about GH¢3.8 billion, primarily due to inflows near the end of the year. The audited financial statements confirm the variance, with GH¢3.78 billion of the GH¢3.88 billion trade payables owed to the BoG under the Domestic Gold Purchase Programme.
GoldBod's transparency, Appiah argued, sets a positive example for other state institutions to follow.
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