{
  "id": 3190071,
  "title": "$1.7bn gold loss is not a ‘cost of doing business’ – PAGA",
  "url": "https://urgent.news/2026/08/25/1-7bn-gold-loss-is-not-a-cost-of-doing-business-paga",
  "topic": "world",
  "section": "World",
  "published": "2026-08-25T04:47:42.000Z",
  "source": {
    "name": "MyJoyOnline Ghana",
    "slug": "myjoyonline-ghana",
    "url": "https://www.myjoyonline.com/1-7bn-gold-loss-is-not-a-cost-of-doing-business-paga/"
  },
  "original_language": "en",
  "account": "The People’s Alliance for Governance and Accountability (PAGA) has criticized the government for attempting to justify a reported $1.7 billion loss from the Domestic Gold Purchase Programme by citing national interests. The group argues that objectives such as building gold reserves, stabilizing the cedi, and combating gold smuggling cannot excuse what it labels as financial misconduct. At a press conference in Accra, PAGA's Convenor, Kofi Kusi Dapaah, called for a comprehensive investigation to identify those responsible for the loss and hold them accountable. He emphasized that the claim that the programme served a noble national purpose does not excuse financial recklessness. PAGA is demanding a detailed explanation of how the reported $1.7 billion loss materialized and wants to know why public funds were managed so poorly. The group questioned whether investors would tolerate such a significant loss being dismissed as an inevitable part of business operations. While recognizing the legitimate economic goals of the Domestic Gold Purchase Programme, PAGA asserts that the programme should not be shielded from scrutiny over its financial management. The organization is pushing for greater transparency in the transactions and accountability for any decisions or actions that led to the reported loss.",
  "summary": "The People’s Alliance for Governance and Accountability (PAGA) says the government cannot use the national interest to justify or explain away the reported $1.7 billion loss from the Domestic Gold Purchase Programme. The group says objectives such as building Ghana’s gold reserves, supporting the cedi and combating gold smuggling cannot excuse what it describes as financial indiscipline.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}