{
  "id": 3218722,
  "title": "Insulting Afenyo-Markin is not the explanation for the $1.7bn GOLDBOD losses - Ahiagbah",
  "url": "https://urgent.news/2026/08/25/insulting-afenyo-markin-is-not-the-explanation-for-the-1-7bn-goldbod",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-25T07:45:47.000Z",
  "source": {
    "name": "3News",
    "slug": "3news",
    "url": "https://3news.com/news/goldbod-incurred-1-7bn-in-losses-insulting-afenyo-markin-is-not-the-explanation-for-the-losses-ahiagbah"
  },
  "original_language": "en",
  "account": null,
  "summary": "The Minority Leader, Alexander Afenyo-Markin, and the Minority in Parliament are demanding accountability from the management of GOLDBOD and the Bank of Ghana for losses associated with the Domestic Gold Purchase Programme (DGPP). The reported losses amount to GH¢22 billion, equivalent to about US$1.7 billion.\n\nAccording to MyJoyOnline Ghana, the International Monetary Fund (IMF) has called for stronger governance and transparency in the DGPP, citing significant losses for the central bank and pressure on its balance sheet. The IMF Resident Representative in Ghana, Dr. Adrian Alter, noted that the programme's financial costs have contributed to a deterioration in the Bank of Ghana's financial position.\n\nThe Speaker of Parliament, Alban Sumana Kingsford Bagbin, has indicated that he will admit a motion filed by the Minority seeking a parliamentary inquiry into the reported losses. However, he has ruled that the motion cannot be debated during Parliament's ongoing emergency sitting, as the House was recalled for specific business outlined by President John Dramani Mahama.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 3,
    "also_reported_by": [
      {
        "outlet": "The Chronicle Ghana",
        "title": "BREAKING : Afenyo-Markin Sues Sammy Gyamfi",
        "url": "https://urgent.news/2026/08/24/breaking-afenyo-markin-sues-sammy-gyamfi",
        "published": "2026-08-24T18:24:39.000Z"
      },
      {
        "outlet": "Adom Online",
        "title": "Afenyo-Markin sues GoldBod CEO Sammy Gyamfi over alleged defamatory remarks",
        "url": "https://urgent.news/2026/08/24/afenyo-markin-sues-goldbod-ceo-sammy-gyamfi-over-alleged-defamatory",
        "published": "2026-08-24T19:32:48.000Z"
      }
    ]
  },
  "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."
}