Minority Demands Probe into $214 million Goldbod Losses
The Minority in Parliament is demanding an investigation into the $214 million losses incurred by the Ghana Gold Board (GoldBod) as reported by the International Monetary Fund (IMF).
According to the group, the probe must be undertaken by a Parliamentary Ad-hoc Committee with the power to subpoena all contracts, licences, and intermediaries.
It is also demanding a full national disclosure by the Bank of Ghana (BoG) and GoldBod of the fee structures, pricing formulas, aggregator selection criteria, and all foreign-exchange arrangements tied to this scheme.
It further called for the suspension of permits in forest reserves, imposing blockchain-based mine-level traceability for all purchases.
In addition, it demanded accountability.
“The Governor of the Bank of Ghana and the CEO of GoldBod must appear before the Committee, and they must allow unhindered investigation. Where negligence or corruption is proven, criminal prosecutions must follow, and all recoverable funds clawed back.”
The Minority intimates that Ghana stands to lose some $300m in 2025 through the activities of GoldBod.
Story by Hajara Fuseini
Click to read more: https://opemsuo.com/author/hajara-fuseini/
