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Ghana Gold Programme Leakage Questioned

5 entriesMon, Aug 24 – Thu, Aug 27Policy & Regulation

Timeline

  1. Thu, Aug 27LatestUnverified — not yet reviewed

    Ghana's APL Demands Forensic Probe Into GoldBod Over $1.7 Billion Trading Losses

    Ghana's APL has formally demanded a forensic investigation into GoldBod following $1.7 billion in reported gold-trading losses, with the IMF also flagging the matter. The demand escalates a governance crisis that already encompasses allegations of website transparency report removal and weeks of payment delays to gold suppliers.

  2. Thu, Aug 27Unverified — not yet reviewed

    IEA Clarifies GoldBod Loss Attribution as Ghana Gold Programme Debate Continues

    Ghana's Institute for Economic Affairs has issued a clarification contesting how the GoldBod programme's reported losses have been attributed, adding a policy credibility dimension to the ongoing governance controversy. The debate continues to encompass transparency allegations, payment delays, and competing assessments of the programme's net fiscal impact.

  3. Wed, Aug 26Unverified — not yet reviewed

    GoldBod Accused of Removing Transparency Reports From Website

    The Institute for Economic Research and Presidential Policy has accused Ghana's GoldBod of breaching transparency legislation by removing its quarterly trading reports from its website. The allegation escalates governance concerns around Ghana's domestic gold programme, which was already under scrutiny over payment delays to suppliers and a disputed net fiscal impact reported on August 25.

  4. Tue, Aug 25Unverified — not yet reviewed

    GoldBod Payment Delays to Suppliers Expose Liquidity Cracks in Ghana's Gold Programme

    Ghana's GoldBod went weeks without disbursing funds to gold suppliers, according to sources, exposing liquidity problems within the country's flagship domestic gold buying programme. Separately, parliamentarians are calling for a full probe extending beyond 2025, while a policy group has already questioned whether the programme's reported $2.62 billion FDI gain offsets an estimated $1.7 billion in losses.

  5. Mon, Aug 24Unverified — not yet reviewed

    Ghana Policy Group Questions $1.7 Billion Loss From Domestic Gold Programme Against $2.62 Billion FDI Gain

    The Institute for Economic Research and Presidential Policy has questioned whether Ghana's reported $2.62 billion in foreign direct investment is a net gain given an estimated $1.7 billion in losses attributed to the Domestic Gold Programme. The critique raises pointed questions about the programme's net fiscal impact on the Ghanaian economy.