Also known as: DGPP
Verbatim sentences from the source article.
The Chronicle
… He has also refuted claims by the minority leader, Alexander Afenyo Markin, that GoldBod is responsible for losses incurred by the Bank of Ghana under its Domestic Gold Purchase Programme (DGPP). …
GoldBod Did Not Make Losses In 2025 -Sammy GyamfiThe Ghanaian Times
The Minority in Parliament has renewed its call for accountability over a reported GH¢22 billion loss under the Domestic Gold Purchase Programme (DGPP) in 2025. …
Minority replies Sammy Gyamfi, demands accountability over GH¢22bn GoldBod lossJoy Online
A Senior Lecturer at the University of Ghana’s Department of Economics, Dr Adu Owusu Sarkodie, has proposed that the financial cost associated with the Domestic Gold Purchase Programme (DGPP) should be shared between the Ghana Gold Board (GoldBod) and the Bank of Ghana (BoG). …
GoldBod, BoG should share cost of domestic gold programme – Dr SarkodieJoy Online
Economist and University of Ghana Professor, Godfred Bokpin, has cautioned that the financial losses recorded under the Bank of Ghana’s (BoG) Domestic Gold Purchase Programme (DGPP) could eventually require taxpayers to bear the cost of recapitalising the central bank. …
DGPP losses could leave taxpayers to recapitalise BoG – Prof BokpinJoy Online
The Member of Parliament for Akim Oda, Alexander Akwasi Acquah, is demanding explanations over the reported US$1.7 billion loss associated with the Bank of Ghana’s Domestic Gold Purchase Programme (DGPP). …
This is the result of GoldBod activities – Akim Oda MP demand answers over $1.7bn lossJoy Online
The Minority in Parliament has hit back at Ghana Gold Board (GoldBod) Chief Executive Officer Sammy Gyamfi, arguing that his defence of the institution has confirmed rather than rebutted concerns over losses associated with the Domestic Gold Purchase Programme (DGPP). …
‘You admitted the loss, now account for the GH¢22bn’ – Minority hits back at GoldBod CEOJoy Online
… In a Facebook post on Wednesday, August 19, Akosua Manu argued that the challenge was based on what she described as a “technical sleight of hand” intended to shift attention away from the financial losses associated with the Domestic Gold Purchase Programme (DGPP). …
GoldBod loss denial is “technical sleight of hand” – Akosua ManuJoy Online
… d Board (GoldBod), Sammy Gyamfi, has challenged Minority Leader Alexander Afenyo-Markin to use Parliament’s oversight mechanisms to invite him to answer allegations that GoldBod was responsible for massive losses incurred under the Bank of Ghana’s Domestic Gold Purchase Programme …
GoldBod ‘losses’: I’m ready to face Parliament – Sammy GyamfiJoy Online
… Mr Gyamfi said the IMF’s reports clearly identified the Domestic Gold Purchase Programme (DGPP) as the source of the losses, rather than GoldBod, which was established later to take over key activities of the programme. …
GoldBod did not cause BoG’s $1.7bn loss – Sammy Gyamfi challenges IMF claimsJoy Online
… He said the opposition had moved from what he described as the “GoldBod made losses” narrative to a new claim that GoldBod was responsible for losses incurred by the Bank of Ghana under the Domestic Gold Purchase Programme. …
Afenyo-Markin ignored Auditor-General’s GoldBod findings – Sammy GyamfiMinority Leader Alexander Afenyo-Markin has accused the Mahama-led government of using investigative and prosecutorial agencies disproportionately against opposition figures, citing the attempted arrest of Manhyia South MP Nana Agyei Baffour Awuah and raising concerns about warrant procedures and his detention.
7 October 2026 · The Chronicle →
Minority Leader Alexander Afenyo-Markin has accused the Mahama-led government of using investigative and prosecutorial agencies disproportionately against opposition figures, citing the attempted arrest of Manhyia South MP Nana Agyei Baffour Awuah and raising concerns about warrant procedures and his detention.
7 October 2026 · The Chronicle →
Dr. Mahamudu Bawumia, the 2028 presidential candidate of the New Patriotic Party, has criticized the NDC government's 24-hour economy policy, saying promised jobs have not materialized nearly two years into office and the policy has instead led to building demolitions for markets. Bawumia also cited unfulfilled promises including the Women's Development Bank failing to open to market women and worsening cost of living.
3 October 2026 · Joy Online →
NPP flagbearer Dr Mahamudu Bawumia has accused the Mahama government of turning several campaign promises into "scams," citing failures on cocoa prices, automatic teacher and nurse posting, cancellation of teacher licensure examinations, and payments to collapsed financial institution customers. He also criticized the government's 24-hour economy initiative and questioned its abandonment of the Agenda 111 hospital programme.
3 October 2026 · The Chronicle →
Former Vice President Dr Mahamudu Bawumia, NPP's 2028 presidential candidate, attacked the NDC government at an NPP national conference, describing nearly two years of its administration as a litany of failed "scam" promises, citing unfulfilled pledges on the 24-hour economy jobs scheme and the Women's Development Bank.
3 October 2026 · Joy Online →
Ghana's external position has deteriorated in 2026 despite improved macroeconomic fundamentals in 2025: the cedi depreciated 9.5 percent against the dollar year-to-date, and international reserves fell from 5.7 months of import cover in January to 4.2 months by August, a loss of $3.09 billion, raising questions about Ghana's heavy reliance on gold-derived foreign exchange despite over $12 billion in market interventions.
27 September 2026 · Joy Online →
Tano North MP Dr Gideon Boako has urged Ghana to develop a broader external-sector strategy beyond gold, warning that heavy reliance on gold exposes the country to volatility in international prices and production volumes. He called for strengthening foreign-exchange generation through manufacturing, agriculture, agro-processing, tourism, digital services, remittances and other internationally competitive sectors.
27 September 2026 · Joy Online →
Bank of Ghana Governor Dr. Johnson Asiama says the central bank's foreign exchange market interventions follow a clear, rules-based framework introduced last year, not the Governor's discretion, with the framework covering reserve accumulation, intervention, and intermediation segments.
24 September 2026 · Joy Online →
The Ghana Gold Board has released detailed 2025 gold trading reports publicly, showing weekly breakdowns of Bank of Ghana funding, gold supplied, and variances. Policy analyst Alfred Appiah commended the disclosure as a model of transparency that other state entities should follow, noting the reports reveal a GH¢3.8 billion variance with significant year-end inflows.
23 September 2026 · Joy Online →
The Ghana Gold Board recorded a GH¢3.78 billion net difference between expected and actual gold supplied to the Bank of Ghana in 2025, with actual gold supplied valued at GH¢128.55 billion against an expected GH¢132.29 billion.
23 September 2026 · Joy Online →
An opinion piece argues that Ghana has addressed global currency instability by implementing the Domestic Gold Purchase Programme and Gold-for-Oil under Vice President Dr Mahamudu Bawumia, which increased gold reserves from 8 tons to over 31 tons and Gross International Reserves to over $9 billion by end of 2024.
14 September 2026 · Joy Online →
The Bank of Ghana has reduced its planned foreign exchange sales to $500 million in September 2026, down from $1.5 billion and $1 billion in previous months, as GoldBod and artisanal mining receipts increasingly supply dollars to the market. In August, GoldBod generated $1.32 billion in FX receipts, with $668.21 million sold to commercial banks and $646.59 million allocated to reserves.
3 September 2026 · Joy Online →
The Bank of Ghana is reducing its forex sales target to US$500 million in September 2026, down from US$1.5 billion and US$1 billion in previous months, as GoldBod redirects artisanal and small-scale mining receipts directly to commercial banks. GoldBod is targeting US$1.4 billion in FX receipts for September, with US$700 million going directly to commercial banks through spot sales and funded forward arrangements.
3 September 2026 · Joy Online →
The article credits Dr. Mahamudu Bawumia's Domestic Gold Purchase Programme and Gold-for-Oil initiative with helping Ghana address a foreign exchange shortage that threatened fuel imports during global crises including COVID-19 and the Russia-Ukraine war.
1 September 2026 · Daily Guide →
Former Lands and Natural Resources Minister Samuel Abu Jinapor has defended the Domestic Gold Purchase Programme, crediting former Vice President Dr Mahamudu Bawumia with conceiving the policy during post-COVID economic difficulties. The programme, formally launched on June 17, 2021, involved the Bank of Ghana purchasing gold locally from licensed aggregators and mining companies to strengthen gold reserves and augment foreign exchange reserves.
1 September 2026 · Joy Online →
Former Lands and Natural Resources Minister Samuel Abdulai Jinapor credited Ghana's significant gold export earnings in 2024 to the Domestic Gold Purchase Programme, under which large-scale mining companies were required from November 2023 to sell 20 per cent of their refined gold to the Bank of Ghana before exporting the remainder, while licensed small-scale miners and Community Mining Schemes were required to sell to the government through the Precious Minerals Marketing Company.
31 August 2026 · Joy Online →
The NPP UK branch has called for a full independent forensic audit into Ghana's domestic gold purchasing transactions, welcoming a parliamentary inquiry but emphasising it must be informed by objective financial evaluation conducted by non-partisan experts to avoid politicisation.
31 August 2026 · Joy Online →
Former Lands and Natural Resources Minister Samuel Jinapor says Dr Mahamudu Bawumia conceived Ghana's Domestic Gold Purchase Programme while heading the Economic Management Team during the COVID-19 pandemic and Russia-Ukraine war. The programme, launched June 17, 2021, allowed the Bank of Ghana to purchase gold locally from licensed aggregators and mining companies, and had increased reserves from 8.77 tonnes at launch to less than double that target by December 2024.
31 August 2026 · Joy Online →
Former Lands and Natural Resources Minister Samuel Abdulai Jinapor says Ghana's Accelerated National Reserve Accumulation Policy is essentially a renaming of the Domestic Gold Purchase Programme introduced under the Akufo-Addo/Bawumia administration. He noted the original programme, launched in June 2021, raised Ghana's gold reserves from 8.77 tonnes to 30.53 tonnes by December 2024.
31 August 2026 · Joy Online →
Minority Leader Alexander Afenyo-Markin has denied that his concerns over the GoldBod and Domestic Gold Purchase Programme target any individual, stating his criticism is directed at the institution and how the programme is being implemented. He said the Minority supports the initiative but is concerned about losses arising from its implementation and referenced IMF concerns about the programme.
31 August 2026 · The Ghanaian Times →
The Western Regional Chairman of the NPP has raised concerns over the alleged GH¢22 billion financial loss involving the Ghana Gold Board under the Domestic Gold Purchase Programme, as reported by the IMF. He compared the controversy unfavourably to the performance of the Precious Minerals Marketing Company and suggested Ghanaians would voice their concerns in the next general election.
31 August 2026 · Daily Guide →
Dr Mahamudu Bawumia, the NPP's 2028 flagbearer and former Vice President, has stated that the Gold-for-Oil policy and Domestic Gold Purchase Programme were emergency measures devised to address Ghana's foreign exchange shortages during economic crisis following the COVID-19 pandemic and Russia-Ukraine war, when emerging economies including Ghana lost access to international capital markets.
31 August 2026 · The Chronicle →
Lawyers for Minority Leader Alexander Afenyo-Markin have rejected claims their client is avoiding service of a defamation suit writ on Ghana Gold Board CEO Sammy Gyamfi, stating the writ was served on Gyamfi's lawyers after they notified the High Court they had authority to accept service on his behalf.
29 August 2026 · Joy Online →
Former Vice President Dr Mahamudu Bawumia, the NPP's 2028 flagbearer, disclosed that he proposed the Gold-for-Oil and Domestic Gold Purchase programmes to address balance of payments crisis and foreign exchange constraints stemming from COVID-19, the Russia-Ukraine war, and IMF programme conditions limiting Bank of Ghana's monthly forex interventions to $80 million.
28 August 2026 · Joy Online →
Dr Mahamudu Bawumia has proposed that Ghana formalize, incentivize and support small-scale miners to grow into medium-scale operators as a solution to tackling illegal mining. He noted that small-scale miners now produce more than 52% of Ghana's gold and argued that providing them with access to affordable finance, modern equipment, geological data and security of tenure would enable them to scale up, employ more people, pay more royalties and adopt more environmentally responsible mining practices.
28 August 2026 · Joy Online →
The Institute of Economic Affairs says a significant portion of the reported US$1.7 billion loss in the Bank of Ghana's Domestic Gold Purchase Programme reflects accounting and valuation treatment rather than an actual loss to the economy. The IEA's Director of Research argued that payments the central bank made to the Ghana Gold Board for gold purchased and exported constitute revenue to the Gold Board, and that the loss should be disaggregated before conclusions are drawn about financial implications.
27 August 2026 · Joy Online →
Minority Leader Alexander Afenyo-Markin called for a parliamentary investigation into reported US$1.7 billion (GH¢22 billion) losses by the Ghana Gold Board and Bank of Ghana in the government's gold purchasing programme, while Majority Leader Mahama Ayariga contended the expenditure represents policy costs rather than losses.
27 August 2026 · Daily Guide →
Ghana's US$3 billion Extended Credit Facility with the IMF has concluded with final approval of a US$371 million disbursement. The country has requested a new 36-month Policy Coordination Instrument, which provides policy guidance rather than financial disbursements, as Ghana's economic metrics—including 5.3% headline inflation, 6.4% year-on-year GDP growth, and US$11.9 billion in reserves—have improved substantially.
27 August 2026 · The Chronicle →
NDC activist Mawulorm Adzasu has supported Ghana Gold Board CEO Sammy Gyamfi in the controversy over a reported US$1.7 billion figure linked to the Domestic Gold Purchase Programme, calling for parliamentary scrutiny to be grounded in official records and proper accounting principles rather than political sensationalism.
27 August 2026 · Joy Online →
The Africa Policy Lens is demanding a forensic investigation into the Ghana Gold Board following IMF disclosures that Ghana lost more than US$1.7 billion in gold trading under the Domestic Gold Purchase Programme in 2025, with most losses linked to gold doré purchases and attributed to service fees, off-taker discounts, and foreign exchange spreads.
26 August 2026 · Joy Online →
Ghana's parliamentary Minority has called for a parliamentary inquiry into losses in the Bank of Ghana's Domestic Gold Purchase Programme, citing financial discrepancies identified in an IMF report, and demanding that the Ghana Gold Board account for the shortfalls.
26 August 2026 · Daily Guide →