Advisor on Gender and Social Protection to NPP flagbearer Dr Mahamudu Bawumia, Akosua Manu, has rejected GoldBod CEO Sammy Gyamfi’s challenge for Minority Leader Alexander Afenyo-Markin to identify a page in the institution’s accounts showing that it made a loss.
In a Facebook post on Wednesday, August 19, Ms 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).
She cited the IMF Ghana Country Report, particularly paragraphs 13 and 14, which she said documented losses of more than US$1.7 billion in 2025, equivalent to 1.5% of GDP.
Ms Manu explained that although the losses were recorded on the Bank of Ghana’s balance sheet, the central bank provided the financial backing for the gold purchases during the period, while GoldBod was responsible for executing the programme.
She also pointed to the IMF report’s reference to service and assay fees paid to GoldBod as one of the factors contributing to the losses.
“Claiming victory because the loss sits on the Central Bank’s balance sheet while the operations were run under GoldBod is textbook gaslighting,” Ms Manu said.
“You cannot run a programme, pile up over $1.7 billion in losses for Ghanaian taxpayers and the BoG, and then pretend the numbers don’t belong to you.”
She added that the DGPP was scheduled to be fully transferred to GoldBod from July 1, 2026.
Ms Manu concluded by urging the public to focus on the facts surrounding the programme’s financial performance rather than what she described as attempts to distort the figures.
“FACTS OVER SPINNING. That lie should be rejected!” she said.
