The Chief Executive Officer of the Ghana Gold Board (GoldBod), Sammy Gyamfi, has revealed that an external auditing firm is conducting a special audit of the Domestic Gold Purchase Programme (DGPP) from its inception in 2021.
The development comes amid growing controversy over losses incurred by the Bank of Ghana (BoG) under the DGPP. He said the findings of the audit are expected to be available in the third quarter of 2026.
Speaking at the Government Accountability Series on Wednesday, August 19, Sammy Gyamfi noted that the latest International Monetary Fund (IMF) report states that the programme generated losses of GH₵22 billion, equivalent to 1.5% of Ghana’s GDP, in 2025.
According to him, the IMF report also stated that the Bank of Ghana incurred losses of $400 million in 2024 and $1.7 billion in 2025 through the domestic gold purchase programme.
He noted that the audit will cover the entire period of the programme, dating back to 2021.
“An external auditing firm is conducting a special audit of the Domestic Gold Purchase Program from its inception, and the inception is 2021, whose results should be available in 2026 Q3,” he said.
He also rejected claims that the IMF blamed GoldBod for the losses. The special audit is therefore expected to provide a comprehensive assessment of the programme’s operations and financial performance from 2021, when it was introduced, through the period under review.
The findings are expected in the third quarter of 2026.
Source: www.kumasimail.com
