Also known as: Dr Gideon Boako · Dr. Gideon Boako · Dr. Boako · Dr Boako · Mr Boako
Tano North MP and Deputy Ranking Member on Parliament's Finance Committee who comments on gold policy and domestic economic programmes.
Verbatim sentences from the source article.
Joy Online
… NPP MP for Tano North and a member of Parliament’s Finance Committee, Gideon Boako, described the development as “a new low,” blaming what he termed policy missteps. …
The Bank of Ghana has not made any losses that should be a topic for discussion — Sammy GyamfiJoy Online
… The Member of Parliament for Tano North, Dr Gideon Boako, has criticised the Central Bank, accusing it of allowing political considerations to influence its policy decisions. …
The real reasons Bank of Ghana losses increased in 2025 – Dr Gideon BoakoJoy Online
… Gideon Boako, has said that the Bank of Ghana’s debt recorded in 2025 is more than the GH¢15.6 billion it revealed to the public. …
Bank of Ghana’s total loss for 2025 is GH¢44.5 billion not GH¢15.6 billion – Gideon BoakoJoy Online
Dr Gideon Boako, the Member of Parliament for Tano North, has alleged that the Bank of Ghana’s liquidity management operations in 2025 effectively transferred public resources to commercial banks. …
BoG losses amount to wealth transfer to banks – Gideon BoakoJoy Online
Tano North MP Dr Gideon Boako has questioned the role of the International Monetary Fund (IMF) in relation to the Bank of Ghana’s mounting financial losses, arguing that the Bretton Woods institution has failed to address what he described as unsustainable quasi-fiscal operations …
Gideon Boako questions IMF over BoG losses, calls for policy disciplineJoy Online
… Gideon Boako, has slammed the Bank of Ghana for its huge 2025 operational loss. In its 2025 Financial Statement released today (May 1, 2026), the Central Bank posted a huge loss of GHS 15.6 billion, the second biggest by the central Bank since 2008. …
Bank of Ghana’s ‘staggering’ 2025 losses cost of policy failure – Gideon BoakoThe Chronicle
… For more news, join The Chronicle Newspaper channel on WhatsApp: https://whatsapp.com/channel/0029VbBSs55E50UqNPvSOm2z The post Gideon Boako writes: BoG losses are more than 15.63bn cedis appeared first on The Ghanaian Chronicle.
Gideon Boako writes: BoG losses are more than 15.63bn cedisJoy Online
… Gideon Boako has said. Boako, who has extensively discussed the financial situation of the Central Bank for months, predicted the huge loss, which the Central Bank confirmed in its Financial Statement released today, May 1, 2026. …
Politically motivated policy choices drove BoG’s 2025 losses – Gideon BoakoJoy Online
The Bank of Ghana’s 2025 operational loss has been described as a ”new low” in its recent history by the Tano North MP, Dr Gideon Boako. …
Bank of Ghana’s GHS 15.6bn operational loss is a new low – Gideon BoakoAn 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 →
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 →
Tano North MP Gideon Boako says Ghana's Domestic Gold Purchase Programme and Gold-for-Oil initiative, led by former Vice President Bawumia, demonstrated gold could serve as a modern monetary and reserve-management tool. The model increased Ghana's gold reserves from about eight tonnes to more than 31 tonnes and gross international reserves to exceeding $9 billion by end of 2024.
13 September 2026 · Joy Online →
Tano North MP Gideon Boako says Ghana should strategically convert part of its domestically produced gold into a strategic reserve asset to reduce overdependence on the US dollar, strengthen economic sovereignty, protect against external shocks, and support cedi stability.
13 September 2026 · Joy Online →
Dr Mahamudu Bawumia, the NPP's 2028 flagbearer, is preparing a new policy package for Ghana's cocoa sector following consultations with farmers, addressing concerns including producer prices, input costs, disease, ageing farms and declining yields. The initiative was presented to Bawumia in June and has been referred to the NPP's Policy Committee on Agriculture for technical assessment and development of costed policy options.
6 September 2026 · Joy Online →
Tano North Member of Parliament Dr Gideon Boako has distributed motorised spraying machines to cocoa farmers in his constituency to make cocoa production less labour-intensive and improve productivity. Dr Boako said cocoa farmers deserve better support to enable them to increase production and improve their livelihoods.
5 September 2026 · Joy Online →
Tano North Member of Parliament Dr Gideon Boako distributed motorised spraying machines to cocoa farmers in his constituency to improve farming efficiency and productivity. The distribution event was attended by several MPs and included remarks from Dr Boako about his commitment to supporting farmers and improving their livelihoods.
5 September 2026 · Joy Online →
Dr. Gideon Boako disputes criticism of Dr. Bawumia's statement about an IMF-imposed $80 million monthly cap on FX intervention, arguing the previous government adhered to the agreed cap that scaled down to $60 million as part of IMF program conditions to rebuild reserves.
29 August 2026 · The Chronicle →
Dr Gideon Boako says the alleged $80 million monthly cap on the Bank of Ghana's foreign exchange interventions was redacted from published IMF reports because details on intervention caps are market-sensitive and publicly disclosing such limits could trigger speculative attacks against the cedi.
29 August 2026 · Joy Online →
Tano North MP Dr Gideon Boako has defended former Vice President Dr Mahamudu Bawumia's claim that the previous government operated under an IMF-imposed monthly cap on foreign exchange intervention, saying the cap was initially set at $80 million per month before being scaled down to $60 million. Dr Boako argued that critics citing Ghana's $3 billion in foreign exchange sales misread monetary policy, as that figure covered different foreign exchange operations.
29 August 2026 · Joy Online →
Newmont Gold Limited's Ahafo North operation has agreed to reconstruct the Emergency Centre of Bomaa Hospital in Tano North Constituency, according to the MP for Tano North. The mining company has also committed to constructing a modern toilet facility for Yamfo Anglican Senior High School.
28 August 2026 · Joy Online →
Tano North MP Dr Gideon Boako has commended Newmont Gold Limited's Ahafo North operation for committing to upgrade the Bomaa Hospital Emergency Centre following their engagement. While the new facility is under construction, the hospital's newly built Female Ward will temporarily serve as the Emergency Centre.
28 August 2026 · Joy Online →
Dr. Gideon Boako, Deputy Ranking Member on Parliament's Finance Committee, attributes the reported GH¢22 billion loss under the Domestic Gold Purchase Programme to the collective responsibility of the Ghana Gold Board, Bank of Ghana, and Ministry of Finance, arguing all three institutions must account for the programme's structure, financing, and operation.
25 August 2026 · Daily Guide →
The Office of the Special Prosecutor has received allegations of extortion and related conduct against Minority Leader Alexander Afenyo-Markin, made by Ghana Gold Board CEO Sammy Gyamfi, alongside multiple petitions. The OSP said it will assess whether the case falls within its statutory mandate and whether further investigation is warranted.
24 August 2026 · The Ghanaian Times →
The Ghana Gold Board has rejected claims by Tano South MP Dr. Gideon Boako that it owes the Bank of Ghana an unpaid overdraft of GH¢1 billion, describing the allegation as "totally false" and part of a "deliberate and malicious smear campaign." GoldBod states it has never taken a loan, overdraft, or debt instrument from the Bank of Ghana or any financial institution since its establishment.
24 August 2026 · The Ghanaian Times →
The Ghana Gold Board has rejected a claim by Tano North MP Dr Gideon Boako that it owes the Bank of Ghana an unpaid overdraft of about GH¢1 billion, describing the claim as "totally false" and accusing him of a deliberate smear campaign. Boako had questioned GoldBod's reported profit of GH¢907 million, arguing any outstanding liability should be reflected in its financial position.
24 August 2026 · Joy Online →
Tano North MP Dr Gideon Boako has alleged that the Domestic Gold Purchase Programme was structured as a "profiteering scheme" resulting in a reported GH¢22 billion loss to the state. Boako said the scale of the reported loss warranted examination of how the programme was designed, implemented, and who benefited from transactions.
24 August 2026 · Joy Online →
Tano North MP Dr Gideon Boako has disputed Ghana Gold Board's reported profit of GH¢907 million, arguing that an alleged GH¢1 billion overdraft owed to the Bank of Ghana should be reflected in its financial accounts. He contends that when the overdraft is accounted for, GoldBod would actually be in a loss rather than profitable.
24 August 2026 · Joy Online →
Deputy Ranking Member Dr Gideon Boako has attributed the reported GH¢22 billion loss under the Domestic Gold Purchase Programme to collective responsibility of the Ghana Gold Board, the Bank of Ghana, and the Ministry of Finance, arguing that all three institutions cannot distance themselves from the financial outcome because of their respective roles in implementation and financing.
24 August 2026 · Joy Online →
Traditional authorities in Tano North Municipality have expressed frustration over the routine release of arrested illegal miners by police, saying law enforcement failure is undermining local efforts to curb galamsey and environmental degradation. Chiefs report that communities captured illegal miners polluting the Tano River and handed them to police, but the detainees were discharged.
22 August 2026 · Joy Online →
Residents and youth of Tanoso in Tano North Municipality arrested the Ankobeahene, Nana Amoako Atta, on Sunday for allegedly transporting mineral-bearing stones and sand from an illegal mining site. A youth leader said the arrest marks a major milestone in their local fight against illegal mining, which has polluted the Tano River.
17 August 2026 · Joy Online →
Traditional authorities in the Tano North Municipality have appealed to President Mahama to intervene against illegal mining that has devastated forests and polluted the River Tano, saying state institutions including NAIMOS and the Blue Water Guards have failed to halt the destruction.
16 August 2026 · Joy Online →
Tano North MP Dr Gideon Boako has cautioned NPP members against invoking the party's flagbearer Dr Mahamudu Bawumia in ongoing regional executive elections, saying Bawumia's interest is to see credible executives elected to help position the party for 2028 general elections, not to endorse particular candidates.
13 August 2026 · Joy Online →
Tano North MP Dr. Gideon Boako says Ghana's economic recovery is incomplete unless macroeconomic improvements lead to better living conditions for ordinary citizens, arguing that economic performance should be judged by the experiences of unemployed graduates, traders, farmers and households rather than statistics alone.
11 August 2026 · Daily Guide →
Dr Gideon Boako, MP for Tano North, says Ghana's economic recovery cannot be judged complete unless improved macroeconomic indicators translate into better living conditions for ordinary citizens, and that people care more about jobs, functioning businesses, and meeting daily needs than positive statistics.
10 August 2026 · Joy Online →
Dr Gideon Boako, Tano North MP and Deputy Ranking Member of Parliament's Finance Committee, argues that the government cannot claim fiscal discipline by underspending if it results in cancellation or postponement of development projects. An IMF report cited by Boako indicates about 1,800 ongoing projects have been cancelled and roughly 2,000 others rephased, affecting roads, schools, hospitals, and infrastructure with direct implications for communities.
10 August 2026 · Joy Online →
Dr Gideon Boako, MP for Tano North and Deputy Ranking Member of Parliament's Finance Committee, has criticised an excessive focus on macroeconomic indicators, arguing that economic growth must translate into jobs, higher incomes and improved living standards for young people, farmers, traders and businesses rather than being measured by fiscal indicators alone.
10 August 2026 · Joy Online →
Dr Gideon Boako reports that the IMF has warned Ghana's increasing dependence on gold exports — which now account for more than half of Ghana's exports — poses significant risk to long-term economic stability, noting that recent external sector improvements are driven by exceptionally high global gold prices rather than broad-based diversification, and that weaknesses in transparency and fiscal reporting mean Ghana is not maximising the benefits of its mineral wealth.
5 August 2026 · Joy Online →
Deputy Finance Committee Ranking Member Dr Gideon Boako has cited an IMF report highlighting that Ghana's Domestic Gold Purchase Programme generated estimated financial losses of about $1.7 billion (1.5 per cent of GDP), with responsibility for absorption transferred to the Ghana Gold Board from July 2026. The IMF also warned that illegal mining continues to deprive Ghana of export earnings through gold smuggling while causing environmental damage to land and water.
5 August 2026 · Joy Online →
Deputy Ranking Member of Parliament's Finance Committee Dr Gideon Boako cited an IMF assessment to argue that Ghana must move beyond macroeconomic stabilisation towards structural transformation, noting the fund identified vulnerabilities including gold export dependence, low mining revenues, illegal mining, Bank of Ghana weaknesses, and energy sector fiscal risks.
5 August 2026 · Joy Online →
Dr. Gideon Boako, Deputy Ranking Member on Parliament's Finance Committee, has criticized the government's economic management after Ghana's IMF-supported programme concluded, arguing that the country's "resilience" is illusory and that fiscal consolidation amounts to suppressed development spending. He pointed to rising fuel and tomato prices as signs of underlying economic strain exposed by the IMF safety net's removal.
4 August 2026 · Daily Guide →