Minority demands transparency over reported US$1.7bn gold purchase programme losses
By Valentia Tetteh The Minority in Parliament has reiterated concerns over the reported US$1.7 billion losses associated with the Bank of Ghana’s Domestic Gold Purchase Programme, calling for transparency and an independent reconciliation of the figures and transactions involved. Minority Leader Alexander Afenyo-Markin raised the issue during an engagement with the leadership of the Christian […]
The Minority in Ghana's Parliament has expressed concerns over reported losses of US$1.7 billion linked to the Bank of Ghana's Domestic Gold Purchase Programme. Minority Leader Alexander Afenyo-Markin highlighted these issues during a meeting with the leadership of the Christian Council of Ghana, discussing topics such as the economy, constitutional governance, and the rule of law.
This came amid ongoing public discussions about the financial performance and governance of the GoldBod programme. Afenyo-Markin emphasized the potential financial implications for the Bank of Ghana's balance sheet and the possible increase in the costs of taxpayer-funded recapitalisation. He reiterated the Minority's demand for a transparent and independent review of the reported figures and transactions.
The Minority Leader also stressed the importance of accountability in the management of public resources, advocating for the preservation of institutional independence to ensure checks and balances on both the government and opposition. The Christian Council stated that the concerns raised would be forwarded to relevant bodies within its Executive Council for further review and action.
Written by urgent.news from GBC Ghana's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
