Also known as: DGPP
Verbatim sentences from the source article.
Joy Online
… The former Finance Minister also linked the discussion to the Domestic Gold Purchase Programme introduced under the previous administration led by former Vice President Mahamudu Bawumia, describing it as a key buffer that strengthened the central bank’s balance sheet during perio …
Amin Adam questions BoG accounting treatment of gold sales and rising lossesJoy Online
… He also used the occasion to defend the Domestic Gold Purchase Programme introduced during the previous administration led by former Vice President Mahamudu Bawumia. …
Gold sales cushioned deeper BoG losses, Amin Adam allegesMinority Leader Alexander Afenyo-Markin says his caucus will pursue parliamentary processes for a full inquiry into the reported GH¢22 billion loss linked to the Bank of Ghana's Domestic Gold Purchase Programme, arguing the public funds involved require parliamentary scrutiny.
4 hours ago · Joy Online →
Minority Leader Alexander Afenyo-Markin says his caucus will pursue parliamentary processes for a full inquiry into the reported GH¢22 billion loss linked to the Bank of Ghana's Domestic Gold Purchase Programme, arguing the public funds involved require parliamentary scrutiny.
4 hours ago · Joy Online →
An opinion piece argues that Alexander Afenyo-Markin's claim that GoldBod made a US$1.7 billion loss in 2025 misrepresents IMF material, which actually discusses losses associated with the Bank of Ghana's Domestic Gold Purchase Programme more broadly. The author acknowledges valid questions about GoldBod and government accountability but contends that Afenyo-Markin conflates the DGPP losses with GoldBod's own financial performance, citing GoldBod's audited 2025 accounts as showing an operational surplus.
12 hours ago · Joy Online →
Sammy Gyamfi, CEO of the Ghana Gold Board, has rejected claims of state financial dependence, stating that GoldBod's fees are Parliament-approved charges for legitimate services and that revenue generated belongs to the state. He noted that GoldBod issues licences to more than 1,000 operators and compared the fee structure to charges by other public institutions like the Registrar-General's Department.
22 hours ago · Joy Online →
Ghana Gold Board CEO Sammy Gyamfi has accused the NPP of applying double standards, saying the party previously defended costs incurred under the Gold-for-Oil programme but now criticizes financial costs associated with the Domestic Gold Purchase Programme. The NPP had rejected IMANI Africa's allegations of GH¢7.2 billion in financial leakages under the G4O programme, arguing the costs represented foreign exchange liquidity support rather than evidence of mismanagement.
22 hours ago · Joy Online →
Minority Leader Alexander Afenyo-Markin has challenged the NDC to acknowledge policy failures that contributed to reported GH¢22 billion losses under the Domestic Gold Purchase Programme in 2025. He insisted the government must account for the losses and focus on prevention measures, amid a dispute with GoldBod CEO Sammy Gyamfi.
21 August 2026 · Joy Online →
The Minority in Parliament is pressing Ghana to account for a reported GH¢22 billion loss (US$1.7 billion) from the Domestic Gold Purchase Programme, citing an IMF assessment. Ghana Gold Board CEO Sammy Gyamfi denies that GoldBod caused the loss, but the Minority Leader argues he has not disputed the loss itself, only responsibility for it.
21 August 2026 · The Chronicle →
The Minority Caucus claimed GoldBod lost GH₵22 billion in 2025, citing an IMF report, but JoyNews fact-checking found GoldBod's audited accounts show a surplus. The GH₵22 billion loss was actually the Bank of Ghana's loss under a gold-purchase programme where GoldBod served as a paid buying agent, not a loss on GoldBod's own books.
20 August 2026 · Joy Online →
The CEO of the Ghana Gold Board has dismissed claims that GoldBod recorded losses in 2025, stating that audited financial statements show an operational surplus of GH₵907 million and an overall surplus of over GH₵5.4 billion. He also refuted allegations that GoldBod is responsible for losses incurred by the Bank of Ghana under its Domestic Gold Purchase Programme.
20 August 2026 · The Chronicle →
Ghana's Minority in Parliament has renewed calls for accountability over a reported GH¢22 billion loss under the Domestic Gold Purchase Programme in 2025, citing an IMF report. The Minority Leader questioned how GoldBod could report an operational surplus of GH¢907 million when the programme that generated its fees resulted in a GH¢22 billion state loss.
20 August 2026 · The Ghanaian Times →
A University of Ghana economist has proposed that the Bank of Ghana and Ghana Gold Board should share the financial losses from the Domestic Gold Purchase Programme, following an IMF report showing losses of more than US$1.7 billion in 2025. Dr Adu Owusu Sarkodie argued that losses from GoldBod's direct purchases should be attributed to GoldBod, while those from foreign-exchange transactions should be borne by the central bank.
20 August 2026 · Joy Online →
Economist Professor Godfred Bokpin warns that financial losses under the Bank of Ghana's Domestic Gold Purchase Programme could require taxpayers to fund recapitalization of the central bank, as the losses have affected the bank's equity position.
20 August 2026 · Joy Online →
The Member of Parliament for Akim Oda is calling for explanations over a reported US$1.7 billion loss associated with the Bank of Ghana's Domestic Gold Purchase Programme, citing an IMF report that identified the loss as equivalent to about 1.5% of Ghana's GDP. The NPP MP has challenged GoldBod's CEO to explain how the losses occurred and what measures are being taken to prevent recurrence.
19 August 2026 · Joy Online →
Ghana's Parliamentary Minority has contested the GoldBod CEO's defence of the Domestic Gold Purchase Programme, noting that while he admitted a US$1.7 billion loss reported by the IMF in 2025, he deflected responsibility. The Minority Leader argued that regardless of which state institution bears the loss, public funds are involved and require explanation, and challenged the CEO's claim of a GH¢907 million operational surplus.
19 August 2026 · Joy Online →
Akosua Manu, Advisor on Gender and Social Protection to NPP flagbearer Dr Mahamudu Bawumia, has rejected GoldBod CEO Sammy Gyamfi's challenge to identify losses in the institution's accounts, arguing it is a "technical sleight of hand" to shift attention from the Domestic Gold Purchase Programme's losses. According to Manu, the IMF Ghana Country Report documents losses of more than US$1.7 billion in 2025 (equivalent to 1.5% of GDP), which she says sit on the Bank of Ghana's balance sheet while GoldBod executed the programme.
19 August 2026 · Joy Online →
Ghana Gold Board CEO Sammy Gyamfi has challenged Minority Leader Alexander Afenyo-Markin to invoke Parliament's oversight mechanisms to summon him regarding allegations that GoldBod was responsible for losses under the Bank of Ghana's Domestic Gold Purchase Programme. Gyamfi said he is ready to appear before Parliament at any time to defend GoldBod against the allegations.
19 August 2026 · Joy Online →
The Ghana Gold Board CEO rejected claims that the IMF attributed $1.7 billion losses to GoldBod, stating the IMF identified the Domestic Gold Purchase Programme as the source and that GoldBod was established later to take over the programme's activities. He said Ghana recorded about $400 million in losses from gold sales under the DGPP in 2024, rising to more than $1.7 billion in 2025 following programme expansion, with the IMF linking the losses to scaling-up, service fees, discounts, and foreign-exchange effects.
19 August 2026 · Joy Online →
Ghana Gold Board CEO Sammy Gyamfi has accused followers of Minority Leader Alexander Afenyo-Markin of ignoring the Auditor-General's findings, claiming GoldBod did not record a professional loss in 2025 and that the Auditor-General made no adverse audit findings against the board.
19 August 2026 · Joy Online →
The CEO of Ghana Gold Board has challenged the Minority Leader to produce IMF evidence directly implicating GoldBod in Bank of Ghana losses under the Domestic Gold Purchase Programme, while the Minority Caucus maintains that GoldBod must be held accountable and has filed a parliamentary motion for accountability.
19 August 2026 · Joy Online →
Presidential aide Dr Sammy Ayeh accused the NPP of misinterpreting IMF findings on Ghana's Domestic Gold Purchase Programme, arguing that losses predate the current NDC government and that the scheme involved both the Bank of Ghana and GoldBod. He contended that the NPP was attributing losses solely to GoldBod while ignoring prior losses under PMMC.
19 August 2026 · Joy Online →
Ghana's Parliamentary Minority cited an IMF report claiming the Domestic Gold Purchase Programme cost the Bank of Ghana GH¢22 billion (US$1.7 billion) in losses in 2025, and called for a full examination of how the programme was structured, financed and managed.
19 August 2026 · The Chronicle →
Former Bank of Ghana Governor Dr Ernest Addison has been appointed a Short-Term Senior Research Fellow at Harvard University's Centre for International Development and Centre for African Studies. He will lead four seminar sessions in October drawing on his eight-year tenure managing macroeconomic policies, financial sector reforms, and Ghana's response to major economic shocks including the COVID-19 pandemic and Russia-Ukraine war.
18 August 2026 · Joy Online →
The Institute of Fiscal Policy Governance has contradicted claims by the Minority Leader and Minority Caucus that the Ghana Gold Board recorded a loss of about US$1.7 billion (GH¢22 billion) in 2025, citing audited financial statements that show a surplus of approximately GH¢5.44 billion instead.
18 August 2026 · Joy Online →
The Minority Leader has challenged the Ghana Gold Board to account for both revenue and costs from its gold purchasing and trading operations, arguing it cannot collect transaction fees while leaving losses with the Bank of Ghana. His concerns follow an IMF report finding losses exceeding US$1.7 billion under the BoG's Domestic Gold Purchase Programme in 2025.
18 August 2026 · Joy Online →
Minority Leader Alexander Afenyo-Markin has cautioned that Ghana Gold Board (GoldBod) operations could become a major scandal, citing undisclosed aspects of the institution's activities. His warning follows an IMF report revealing losses exceeding US$1.7 billion from the Bank of Ghana's Domestic Gold Purchase Programme implemented through GoldBod in 2025.
17 August 2026 · Joy Online →
The Minority Leader cited an IMF Country Report stating that Ghana's Domestic Gold Purchase Programme, implemented through GoldBod, has incurred losses exceeding US$1.7 billion, equivalent to about 1.5% of Ghana's GDP, and questioned the programme's financial sustainability.
17 August 2026 · Joy Online →
Minority Leader Alexander Afenyo-Markin has questioned Ghana Gold Board's commercial rationale and financial operations, arguing that an institution trading gold should not be making losses. His comments add to political scrutiny of GoldBod amid reported losses of US$214 million linked to the Bank of Ghana's Domestic Gold Purchase Programme, which GoldBod disputes characterizing as a loss incurred by the Board itself.
17 August 2026 · Joy Online →
Prof Ebo Turkson says the US$1.7 billion loss cited by the IMF relates to losses incurred by the Bank of Ghana through its Domestic Gold Purchase Programme, not GoldBod as an entity. He clarified that GoldBod itself is not operating at a loss.
15 August 2026 · Joy Online →
Joy Online's Newsfile programme discusses three high-profile governance issues: the IMF's report of US$1.7 billion in losses related to Ghana's Domestic Gold Purchase Programme, which GoldBod disputes; allegations of bribery in a power transaction involving former Goldman Sachs banker Asante Kwaku Berko; and the status of Operation Recover All Loot cases during legal vacation.
15 August 2026 · Joy Online →
A Newsfile episode discussed three accountability issues: the IMF's reported US$1.7 billion in losses associated with Ghana's Domestic Gold Purchase Programme, with GoldBod disputing the characterization as a loss; allegations of bribery in a US prosecution involving a former Goldman Sachs banker and a Ghanaian power transaction; and questions about the progress of the government's Operation Recover All Loot cases during legal vacation.
15 August 2026 · Joy Online →
Joy Online's Newsfile programme will discuss three issues: the IMF's reported US$1.7 billion in losses from Ghana's Domestic Gold Purchase Programme (with GoldBod disputing the characterisation), allegations of bribery in a Ghanaian power transaction involving a former Goldman Sachs banker, and the status of the government's Operation Recover All Loot cases during legal vacation.
14 August 2026 · Joy Online →