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<\/a><\/p>\nHe added that where negligence or corruption is proven, prosecutions must follow and all recoverable funds returned to the state.<\/p>\n
\u201cWe are demanding the following: a bipartisan parliamentary inquiry into the circumstances under which the republic of Ghana has lost $214 million heading to $300million to be done here by the parliament of Ghana. We are asking for a parliamentary adhoc investigative committee with power to subpoena all contracts, licences, intermediaries including this power rock monopoly.<\/p>\n
\u201cUnder this bipartisan enquiry we will be expecting the BoG and the GoldBod to publish the fees structure, the pricing formula, the aggregator selecting criteria and all foreign exchange arrangement that they have tied to this scheme which has led to this loss.<\/p>\n
\u201c\u2026One of the things we will be asking for is the suspension of permit in forest reserves and the introduction of serious measures on traceability because as at now we have every reason to believe that state money is being used to buy Galamsey gold\u2026Where negligence or corruption is proven, prosecutions must follow and all recoverable funds must be given back to the state,\u201d Nkrumah stated.<\/p>\n
The call by the Minority comes after the International Monetary Fund (IMF) raised concerns over the reported losses, describing them as a potential risk to Ghana\u2019s macroeconomic stability. The IMF attributed the losses to transactions involving artisanal and small-scale mining dore gold and referenced alleged \u201cGoldBod off-taker fees.\u201d<\/p>\n
GoldBod, however, has denied incurring any losses, describing the IMF claims as inaccurate. In a response issued earlier this month, the Board\u2019s CEO, Sammy Gyamfi, stated that GoldBod expects an income surplus of no less than 600 million cedis for the 2025 financial year and clarified that it does not charge off-taker fees. He explained that GoldBod\u2019s role is limited to purchasing, assaying, and exporting gold on behalf of the Bank of Ghana, while all trading and sale agreements with off-takers fall under the central bank\u2019s mandate.<\/p>\n
Mr. Gyamfi highlighted that GoldBod has contributed over 10 billion dollars in foreign exchange in 2025 through the purchase of more than 100 tonnes of artisanal and small-scale mining gold for the Bank of Ghana. He also noted the Board\u2019s support in purchasing output from large-scale mining companies, which has helped boost Ghana\u2019s foreign reserves and strengthen the cedi.<\/p>\n
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