The Minority Caucus in Parliament has called for a parliamentary inquiry into the financial operations of the Ghana Gold Board (GoldBod), particularly losses associated with the Bank of Ghana’s Domestic Gold Purchase Programme.
In a statement dated August 22, 2026, and signed by Deputy Minority Leader Patricia Appiagyei, the Caucus said the reported losses were not fabricated by the Minority but were identified in an official report by the International Monetary Fund (IMF).
The statement followed a series of public comments by GoldBod Chief Executive Officer Sammy Gyamfi between August 17 and 22 in response to questions raised by the Minority over the financial position of GoldBod and the Bank of Ghana’s Domestic Gold Purchase Programme.
“The losses associated with the Domestic Gold Purchase Programme were not conjured by the Minority. They were identified in an official report by the International Monetary Fund,” the Caucus said.
It said it had sought, and would continue to seek, a full and transparent reconciliation of GoldBod’s audited financial statements with the losses identified in the IMF report.
According to the Minority, the issue constituted a legitimate matter of parliamentary oversight involving a significant public programme and therefore required a clear response rather than a dispute over who had the right to raise questions.
The Caucus also accused Mr Gyamfi of directing personal characterisations at members of the Minority, including Minority Leader Alexander Afenyo-Markin.
It said it would not respond to the alleged personal attacks in kind, but rejected what it described as false allegations against members of the Caucus.
“Legitimate scrutiny of a public institution’s operations and finances is a fundamental exercise in accountability,” the statement said, adding that no public official should portray such oversight as wrongdoing.
The Minority further urged public officials to adhere to standards of civility, restraint and respect, citing Ghana’s Code of Conduct and Ethics for political appointees.
It said it expected every public official, including the Chief Executive Officer of GoldBod, to be held to those standards and indicated that it would pursue appropriate institutional channels in that regard.
The Caucus reiterated its commitment to raising questions about the management of public assets in what it described as a factual, measured and responsible manner.
It consequently called on GoldBod to appear before a Parliamentary Inquiry to fully account for the losses identified in the IMF report and reconcile them with its own audited financial statements.
The Minority said the objective was to ensure that the matter was settled by facts tested through parliamentary scrutiny rather than accusations from either side.
“We will continue to update the public as this matter progresses,” the Caucus said.
Source: www.kumasimail.com
